Unit 1 Flashcards
Globalization
How people around the world are becoming more interconnected and interdependent
Aspects of globalization
Four:
Economic
Political
Cultural
Environmental
Economic globalization
Economic activities such as trade, financial flow and transportation
Increasingly significant role of multinational corporations
Influence majority of the products you buys (eg. Clothes, electronics, food)
Political globalization
The process where political decisions and actions, such as human rights, democracy, the rights of workers, are becoming more similar
This is the legal and political negotiations between governments
Embassies around the world allow countries to have open communication to maintain connections
Eg. Countries in the EU have agreed to share similar laws, currency and allow citizens to move between borders
Another eg. Canada, Mexico and US have an agreement to freely trade certain products between them - USMCA
Citizens can also take action in response to world events through: protests, supporting political organizations and charity work
Social globalization
The transmission of cultures, ideas and values around the world
This process occurs through the internet, pop culture, international travel and migration
Environmental globalization
The global effect of human activity on the environment, and the effects of global environmental changes on people
Effect of economic development and trade causes the destruction of habitat and natural resources —> causes more disasters
Forces of globalization
Four:
Communication
Trade
Transportation
Media
Communication
New communication devices have revolutionized the speed and distance that ideas can be communicated
Trade
Movement of goods, services and ideas has widely expanded
Trade because:
Not available in their own region
Better quality or less expensive
Different from products produced at home
Transportation
The variety and efficiency of transport has increased
Some important inventions:
Shipping containers
Air travel
Refrigeration
Media
New tech makes much more media and information spread around the world, with a lot more variety too
However, it’s increasingly more concentrated in the hands of a few people
Transnational corporations
Companies based in one country while developing, delivering, manufacturing and selling products in more than one country
They are creating and influencing the music, movies, television and generally entertainment that we watch and listen to
Also consolidating other aspects of our identity such as what we eat and the way we dress
Media concentration
Concentration of media companies in fewer hands (monopolies)
Media convergence
Use of tech to integrate media such as newspapers, books, tv and internet
Individual identity
A subjective sense of self based on personal characteristics