What is globalisation Flashcards
What is the definition of Globalisation?
A process in which geographic distance becomes a factor of diminishing importance in the establishment and maintenance of cross-border economic, political, sociocultural and environmental relations
What is economic globalisation?
Increased flows and exchanges of commodities, capital, information, migrants and tourists and the growth of global companies, global markets and global fianance
What is an example of economic globalisation?
The amount of remittances now contributes more than 3x the amount of aid received globally
What is political globalisation?
The growth of political links between countries e.g. countries produce goods for other countries to consume and the growth of global political powers
What is an example of political globalisation?
The World Trade Organization and trade blocs e.g. the COMESA (Common Market for Eastern and Southern Africa
What is the World Trade Organization?
A global institution that deals with trade rules and agreements between countries with 162 member countries
What is cultural globalisation?
The global dispersal of products and cultural ideas e.g. Americanisation
What is environmental globalisation ?
Growth in global environmental problems and widespread industrial pollution and the development of global environmental campaigns, policies and solutions
An example of environmental globalisation?
WWF “Earth Hour” - An annual event where millions switch off their lights for one hour to show they care about climate change
What is global interdependance?
When two countries become completely dependant on one another either due to financial or political connections
