Week 7 Flashcards
Processuality
Crises are long-lasting processes stemming from contradictions within social orders themselves.
Organicity
crisis of LIO is not a conjunctural problem that will be resolved at some point.
morbidity
Bábic, 2021
The drivers of the LIO crises can be found on the societal level in a common civic identity.
Common civic identity
Deudney and Ikenberry, 1999; Babic, 2021
Set of liberal norms and principles closely tied to the embrace of capitalism as economic system.
K-shaped recovery
Wages and assets of the better-off will recover while lower-end income situations will remain at the precarious pandemic levels.
Small yard with a high fence principle
Gertz, 2021
Shielding only a limited scope of investments but with sharp delimits regulating any foreign activity in such sectors- situation before the last few years
Recently, a more expansive understanding of national security, encroaching into areas such as personal data, new technologies, mass media and food security.
“new” globalisation
1990s-2000s; the rise of the rest
From 1990s; fueled by ICT revolution lowering cross-national communication costs (cost to move ideas; ‘second unbundling’)
Facilitates coordination of complex activities at a distance; opportunities to ‘arbitrage’ North-South wage gap via offshoring (high tech, low wage – global value chains: fragmented production globally); associated technology and knowledge transfer drive catch-up of ROW
= ‘Great Convergence’
Great convergence
the new globalization presents rich and developing nations alike with unprecedented policy challenges in their efforts to maintain reliable growth and social cohesion.
Stefanie Walter
2021, the backlash against globalisation
Globalisation backlash
Walter, 2021
Significant decrease in public, partisan, policy support for globalisation
Influential narrative in the backlash against globalisation
Globalisation backlash is rooted in mass public, where growing share of losers of globalisation increasingly lash out against globalisation.
