Thinking about Globalization Flashcards
What is glocalization?
Acombination of the words “globalization” and “localization” usedto describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.
What does it mean for a service or product to be glocalized?
This means that the product or service may be tailored to conform with local laws, customs or consumer preferences.
Products or services that are effectively “glocalized” are, by definition, going to be of _________
Much greater interest to the end user.
How should we define globalization? (two definitions)
- The increasing interconnectedness of different parts of the world through common processes of economic, environmental, political and cultural change.
- The increased international mobility of goods, people, contracts (including financial claims) and thoughts (facts, ideas, and beliefs).
What are the five dimensions of globalization?
- Economic
- Political
- Democracy
- Ecological
- Cultural
What does economic mean?
Global finance and market of economy, multinationals, networking, international trade and business, new labour markets, new development cooperation
What does political mean?
Human rights, international terrorism, war and new security problems
What does democracy mean?
Good governance by people’s participation, human rights
What does ecological mean?
Sustainable globalization: use of common resources and legislation (biosphere; water, forest, earth, air, atmosphere)
What does cultural mean?
Multicultural society of different identities: local, political, gender, family, national, individual and social. Multicultural education for literacy.
What are the three basic views of globalization?
- The hyperglobalist view
- Skeptical view
- Transformationalist View
What is the hyperglobalist view?
- The nation state is seen to be losing its role to a world (denationalization)
- autonomy and sovereignty of nation-states is dwindling or at least being perforated
- emergence of a single global market and global competition
- “a single global economy transcending and integrating the world’s major economic regions” - Increasing globalization of the economy is inevitable
In a hyperglobalist view, “it is _________rather than _____, which exercise decisive influence over the organization, location and distribution of economic power and wealth.”
- Global finance and corporate capital
2. States
In a hyperglobalist view, Globalization is _________.
Beneficial (eventually all parts of the world will reap its advantages – trickle down concept).
What is the two end goals for hyperglobalization?
- “the end of the welfare state and social democracy”
2. A borderless world based on principles of neoliberalism
What is neo-liberalism? (7 main points)
- The rule of the market – freedom for capital, goods and services, where the market is self-regulating allowing the ‘trickle down’ notion of wealth distribution
- Deunionizing of labor forces
Removal of any impediments to capital mobility (i.e. regulations, tariffs) - The freedom is from the state or government
- Reducing public expenditure for social services (i.e. health care and education) by the government
- Deregulation (allow market forces to act as a self-regulating mechanism)
- Privatization of public enterprise (i.e. water, internet)
- Changing perceptions of public and community good to individualism and individual responsibility
What is the skeptical view?
- Views the concept of globalization as an ideological construct which simply gives neo-liberalist policies greater spatial dominance.
- Argues that there is nothing really new in the manner in which the world economy operates
- Acknowledges that the speed, scale, scope and complexity of global exchange has occurred but argues that “intensity of contemporary global interdependence is considerably exaggerated.”
In a skeptical view the nation-state remains_______. It is not a passive victim but continues to be ___________. The emphasis upon footloose capital and a new global capitalist order is _____ as is the ______ of the welfare state.
- Central
- Primary architect
- Overstated
- Decline
What are two examples of the nationstate not being a passive architect?
Example #1: The state continues to control population flows
Example #2: The state continues to be a possessor of territory (sovereignty matters!)
With the skeptic view, what we are witnessing is_______ not ___________.
There are “several major economic and political blocs , within which very different forms of ______ continue to ______.”
The pace of economic integration is higher ______regions than it is _______regions.
- Regionalization (re: trading blocks)
- Globalization
- Capitalism
- Flourish
- Within
- Between
What is the transformationalist view?
- Accepts that changes have occurred but denies that such changes are inevitable or natural
- We should not ignore “the spatial re-organization and re-articulation of economic, political, military and cultural power”
- We should think about questions concerning the application/exercise of power: its modalities, instrumentalities, organization and distribution.
In the transormationalist view we are witnessing the_________ of boundaries. This is a highly _____ process. ______ for some, _____for others
- Blurring (reconstitution and reconstruction of governance)
- Uneven (it divides as it integrates)
- Shrinking
- Distancing
In the transformationalist view, _______remains a feature in this system. Here the nation state is still considered to have a role in decision-making although it now interacts in a __________ and its functions have been restructured accordingly.
- Sovereignty
2. Multilayered system of governance
