Superpowers EQ2 Flashcards
What are the roles of IGOs?
Just after the end of the Second World War in 1945, Europe and the USA created a range of global Inter-Governmental Organisations (IGOs) to promote this model, which still exists today. These IGOs are dominated by Western capitalist countries and their views.
The international governmental organisation has countries as members and works internationally on shared goods.
- Provide a forum for discussion
- Create a mechanism for the world’s inhabitants
- To deal with economic and social questions
- Help allow states to take a longer-term perspective
What are the WEF?
A Swiss not-for-profit organisation that works across national borders to improve the state of the world by bringing together business political academic leaders of society.
Name a good and bad thing about the WEF.
+ Helps to deal with global issues
+ Provides a discourse
+ Not strictly political leaders
- Conflicts between players and stakeholders
- Governments tend to have the overall say
What is the IMF?
Give loans to developing countries with the aim to promote global economic stability.
What’s a good and bad thing about the IMF?
+ Helps to clear the debt.
- Conditions/ regulations from the loans.
- Member states - countries pay in for a vote.
- Have to undergo SAPs
Who are the World Bank?
A bank which lends money on a global scale and gives grants to developing countries. They have a proportional voting system based on the amount of money each country has invested.
What are the good and bad things about the world bank?
+ Help developing countries by improving infrastructure
- Dominated by the USA who have 16% of all votes
What is the WTO?
They ask the country to remove tariffs and taxes on foreign imports and subsidies to domestic products so that trade is free and without barriers. They supervise and liberalise international trade.
What is a good and bad thing about the WTO?
+ Promotes free trade through the gradual reduction in tariffs.
+ Trade without discrimination
+ Focus on the reduction of poverty by removing farming subsidies.
- It is not a completely free trade bloc.
- Trade rules are unfavourable to developing economies.
What is free trade?
The exchange of goods and services free of import /export taxes and tariffs and quotas on trade volume.
What is the OCED?
Promotes global economic security and stability and assists countries to reform their economies. Economic reforms often mean more access to developing economies for TNCs.
How is there spreading of Americanisation?
Art, food and media mostly originate from there.
How is westernisation affecting places around the world?
- Social media’s increase in use is making people more connected as people across the world can communicate, exchange messages share knowledge.
- Programs such as friends and Simpson’s are available in almost every country in the world on every airline and every streaming channel.
How do TNCs reinforce economic and cultural power?
TNCs dominate production and sales, affecting the pricing of commodities, affecting trade and controlling technologies. TNCs control technology globally through patents. Their investment in developing countries influences government policies through westernisation. The same globalisation applies to food. These people return from holidays and work trips overseas, wanting the same flavour or experience to remind them of the visit, the influence of international foods and supermarkets in the UK has spread.
Cultural power: Food
- McDonald’s glocalising their menu to meet the needs of local customers. e.g India= Mcveggie.
- Walkers vs Lays
- Coca-cola is the parent company around the world of Fanta, costa and sprite.
Cultural power: Arts
- Broadway vs the Westend.
- Fashion week= TNCs showcase their high-end brands e.g Paris.
- Galleries which show different art exhibitions. TNCs may sponsor or have ownership.
Cultural power: Media
- Social media TNCs are censored in China which is a form of control.
- Disney= Lion King in Africa
- Netflix- online streaming and film around the world in different languages.