Why is globalisation different

Question 1

Technology has an even bigger role in the new wave of globalization (2)

Answer 1

• Revolutionized global communication, trade, and cooperation. The rise of e-commerce and digital platforms has enabled businesses and individuals to connect with markets and audiences worldwide, breaking down traditional barriers to entry.
  -Proliferation of social media and online networking has facilitated cultural exchange, knowledge-sharing, and collaboration across borders. This enhanced connectivity and accessibility of information have accelerated the pace of globalization, making it more extensive and influential than ever before.

Question 2

More complex migratory patterns

Answer 2

• Increased interconnectedness and economic disparities between regions have triggered significant population movements. While traditional migration patterns were often from developing to developed countries, the contemporary global landscape has seen a surge in South-South migration and intra-regional movements.
• Migrants seek better economic opportunities
• This diversity of migratory flows has added layers of complexity to demographic shifts, contributing to the cultural enrichment and integration of societies worldwide.

Question 3

More complex migratory patterns (3)

Answer 3

• Increased interconnectedness and economic disparities between regions have triggered significant population movements. While traditional migration patterns were often from developing to developed countries, the contemporary global landscape has seen a surge in South-South migration and intra-regional movements.
• Migrants seek better economic opportunities
• This diversity of migratory flows has added layers of complexity to demographic shifts, contributing to the cultural enrichment and integration of societies worldwide.

Question 4

Deregulation and finance:

Answer 4

-Countries have pursued policies aimed at reducing barriers to trade and investment, enabling the flow of capital and goods across borders with fewer restrictions.
-MNCs have expanded their reach, establishing global supply chains and enjoying more flexibility in allocating resources. This deregulatory approach has also been criticized for contributing to economic inequality, as it tends to favor the interests of large corporations and wealthy individuals, potentially marginalizing smaller businesses and vulnerable populations.

Question 5

Deregulation and finance:

Answer 5

-Countries have pursued policies aimed at reducing barriers to trade and investment, enabling the flow of capital and goods across borders with fewer restrictions.
-MNCs have expanded their reach, establishing global supply chains and enjoying more flexibility in allocating resources. This deregulatory approach has also been criticized for contributing to economic inequality, as it tends to favor the interests of large corporations and wealthy individuals, potentially marginalizing smaller businesses and vulnerable populations.

Question 5

New players

Answer 5

While traditional Western powers, such as the United States and European nations, continue to be influential, countries like China, India, Brazil, and other emerging economies have gained prominence as major players in international trade and investment.
-Bring diverse perspectives, economic models, and policy approaches, reshaping the dynamics of global governance and power.