Theories of Globalisation Flashcards
What is the world systems theory
Wallerstein - world viewed as one economy whereby the world is divided into 3: core (developed), semi-periphery (south africa, mexico), and periphery (Ethiopia)
• core = have a global reach, make full use of economy - get most out of capitalism
• semi-periphery = exploit periphery and are exploited by core - due to exploiting it is argued that lack of unity between exploited means no united action to change system
(-) deterministic
Giddens - globalisation has resulted in a global economy
(communication + transportation across the world)
TNCs ««
- international trade = global economy
- transnational corporations (TNC’s) operate across countries eg headquarters in MEDC’s and production in LEDCs
positives of TNC’s: provide jobs and investment - can help with development
negatives: exploitation, neo-marxists argus people are turned into ‘wage slaves’ for capitalism
The media - increased communication spreads cultural goods across the world
- local cultures have become global due to the media: e.g american culture spread through music and movies internationally
critics argue that TNCs may lead to replacing traditional culture with western culture to try and create new markets for western goods THUS globalisation = cultural imperialism (rule)
Global organisations are more powerful than governments/nation states
+ TNCs=lack of respect for local cultures and hard to control yet little action against them due to the amount of lost jobs if TNCs decide to move somewhere else
+ international political agencies like EU and UN take decision making away from national governments
- People are determined to keep their national identity when globalisation occurs, can strengthen the nation state