UNIT 2 EXAM REVISION Flashcards
Define Globalisation
The increased movement of people, ideas, technology, cultures, capital and information around the world. This is facilitated by the rapid changes in communication and technology
Define Transnational Corporation
A TNC is a company or business, usually large, whose pe rations and investments extend beyond the boundaries of the state in which it is registered.
Define Hegemony
The merging or unification of cultures or ideas. As a result of globalisation a process of cultural hegemony is taking place where a few cultures, languages or ways of thought are becoming dominant over others
Define Non-Government Organisations
NGO’s are not for profit organisations that are reliant on donations or subscriptions to operate. Most are founded to dal with social, political, community or environmental issues.
OUTLINE POSITIVE POLITICAL EFFECTS OF GLOABALISATION
- Nurtured international cooperation and diplomacy: UN, EU
- It’s easier for governments to easily and effectively negotiate and share information between one another: email, Internet, government agencies (CIA, MI6) working together
OUTLINE NEGATIVE POLITICAL EFFECTS OF GLOBALISATION
- More powerful nations are able to ‘bully’ smaller nations into creating favourable policies
- Many TNC’s (such as Samsung and Walmart) are larger then governments, and are thereby able to wield great amounts of power in terms of policy making
- SAMSUNG in South Korea account for 20% of its GDP and AFE thereby able to sway the government
OUTLINE POSITIVE ECONOMIC EFFECTS OF GLOBALISATION
- Enables companies to find customers and markets across the globe
- The Internet and sites like eBay and Amazon allows a business to not be resurrected by geographical location
- Businesses are able to move production or manufacturing of a good to another country, such as China or Bangladesh, to increase profits and make the end product cheaper for the customer
- Nike, Apple
OUTLINE NEGATIVE ECONOMIC EFFECTS OF GLOABALISATION
- the advancement in global trade and the world financial system has increased the interdependency of economies, making economic turmoil in one nation felt across the world
- 2008 GFC - Rapid economic growth in third world nations (India, China) is highly unsustainable , due to the massive dependence on fossil fuels as a cheap source of enegery
OUTLINE POSITIVE SOCIAL EFFECTS OF GLOBALISATION
- Job creation in third world countries (as a result of TNC’s) has lifted over 600 Million out of poverty
- ideas, thoughts and information is able to be easily and instantly sound the world
- Wikipedia, Twitter, Facebook - people are able to organise international events more easily than ever
- Arab Spring was spread and organised through Facebook etc.
OUTLINE NEGATIVE SOCIAL EFFECTS OF GLOBALISATION
- Leads to the exploitation of poorer and more vulnerable people in developing countries
- Increased migration and movement of cultures around the globe leads to increased fascism and discrimination of a particular group
- Islamophobia - Increased connectedness of people leads to an increase in hegemony, where some cultures or ways of thought become dominant others
- Americanisation
Define Bpolarity
A situation or relationship containing two centres or ‘nodes’ of power
Define Multipolar
A situation or relationship where there are several centres of power
Define Unilateralism
A policy of acting alone, with little regard for the views or interests of other global actors, in pursuit of foreign policy objectives.
Define Genocide
Th deliberate killing of a large group of people, especially those of a particular ethnic group or nation
Define Multilateralism
A situation in which several different countries or organisations work together to achieve something or deal with a problem.