USA Hard Power/Soft Economic Cultural Power Flashcards
What are the IGOs USA set up after WW2
IMF
WTO
World Bank
OECD
What does the IMF allow
Economic reforms mean more open access for TNCs into developing economies (spread soft power economically)
What does the WTO do
Managing global rules of trade
How have TNCs benefited from IGOs
Free-market capitalism
Opens up new markets so TNCs can expand
How has Apple had an impact?
Diluted Chinese culture as brand image is becoming important for young generation
Want freedom
How has McDonald’s shown cultural globalisation
In 121 countries
Spreading westernisation and food
How does USA have hard power
Large nuclear arsenal
$989bn on military spending in 2019/20 FY
Formed the WB IMF WTO - economic alliances
Military ties to SK and Japan
How does the USA show cultural hemegony
Has 16/20 world’s top unis
US film industry made $43bn in 2017, reinforcing western values e.g. relationships
How does USA show economic power (in between hard and soft)
$33bn in aid for developing countries
Could be used as tied aid
American TNCs joining with China (Apple and Foxconn to reduce costs increase profit)
What undermines the USA’s superpower status
Economic recession 2008 and china’s economy increasing
USA intervention in Afghanistan - thought Taliban was defeated but resurfaces - shows weakness and ineffectiveness
China dispute in SCS
Importance of spreading Western culture
Apple spreading from developed to emerging
Use Apple as a symbol of increased freedom and acceptance which they see Western culture of having