Unit 4 - Global interactions and global power

Question 1

define globalisation

Answer 1

a process that erodes national boundaries, integrates national economic cultures, technologies and governance and produces complex relations of mutual interdependence

Question 2

what are the three main forms of globalisation?

Answer 2

Economic: largely caused by the growth of transnational corporations (TNCs)
Social: the impact of western culture, art, media, sport and leisure pursuits on the world
Political: growth of western democracies and their influence on poor countries, and the decline of centralised economies

Question 3

The KOF Index of Globalisation

Answer 3

The economic dimension - long-distance flow of goods, capital and services, as well as information and perceptions that accompany market exchanges.
The social dimension - the spread of ideas, information, images and people.
The political dimension - the diffusion of government policies.

Question 4

what are the measures of social globalisation?

Answer 4

Personal contacts
Information flows
Cultural proximity

Question 5

what are the measures of political globalisation?

Answer 5

Number of embassies and high commissions in a country,
Number of international organisations of which the country is a member
Number of UN peace missions in which a country has participated.

Question 6

what are the measures of economic globalisation?

Answer 6

Long-distance flows of goods, capital and services, as well as foreign direct investment (FDI)
The volume of cross-border trade (imports and exports)
The number of restrictions on trade such as import tariffs and non-tariff barriers

Question 7

G7

Answer 7

the USA, France, Germany, Italy and the UK, Japan and Canada