? Flashcards
(46 cards)
What is the contemporary world subject about?
It examines the economic, social, political, technological and other transformations that have created an increasing awareness of the interconnectedness of peoples and places around the globe.
What is the main concept of the contemporary world?
The contemporary world is a complex and dynamic time period characterized by rapid changes and developments in various aspects of life.
What is Globalization?
An economic, social, and cultural phenomenon.
What does Zygmunt Bauman (2003) say about globalization?
He considers it a very important change, if not the ‘most important’.
What are the human consequences of globalization according to Bauman?
- Globalization is a ‘space war’ where winners have more mobility.
- Mobility is a differentiating factor in social stratification.
- Losers are confined to isolated territories.
- Territories become battlefields.
How does Larson (2001) define globalization?
As the process of world shrinkage, of distances getting shorter, and things moving closer.
What is Al-Rhodan’s (2006) view on globalization?
Globalization can be contained within a specific time frame, all people, and situations.
What does Albrow (1996) refer to as the ‘global age’?
A term used to describe the current era of globalization.
How does Ritzer (2015) describe globalization?
As a transplanetary process involving increasing liquidity and multidirectional flows of people, objects, places, and information.
What are the metaphors of globalization?
- Solidity: Barriers that prevent movement.
- Liquidity: Ease of movement of people, things, and information.
- Flows: Movement brought by growing porosity of global limitations.
What is the distinction between globalism and globality?
Globalism is a world dominated by economics, while globality refers to the interconnectedness of local incidents affecting the entire world.
What are the distinctive features of Globality?
- Everyday life affected across national borders.
- Self-perception of transnationality.
- Community, labor, and capital becoming placeless.
- Awareness of global ecological dangers.
What are the globalization theories?
- Homogeneity: Increasing sameness in the world.
- Heterogeneity: Creation of various cultural practices.
- Globalizations: Imposition by nations or corporations.
- Globalization: Interaction of global forces with local factors.
What is Cultural Differentialism according to Jan Nederveen Pieterse (2004)?
It emphasizes that cultures are essentially different and only superficially affected by global flows.
What are the five basic dimensions of efficiency in globalization?
- Efficiency: Best means to achieve ends.
- Calculability: Quantity over quality.
- Predictability: Expected behavior from employees and customers.
- Control by technology: Replacing employees with technology.
- Irrationality of rationality: Customers and employees suffer.
What are the two systems of globalization according to Leslie Sklair (2002)?
- Capitalist (predominant now).
- Socialist (anti-globalization movement).
What does economic globalization involve?
Interconnections between regional and national economies, market integration, and the emergence of institutions regulating cross-border economic exchange.
What were the reasons for the growth of long-distance trade from the 16th to 18th centuries?
The volume of long-distance trade grew more quickly than the European population and economic output.
What characterized deglobalization from 1931-1944?
Economic collapse, abandonment of the gold standard, protectionism, and a shift from globalization to regional economies.
What were the challenges from stagflation to the new wave of globalization (1970s-1990s)?
Breakdown of the Bretton Woods system, inflationary shocks, and structural reforms in developing countries.
What is microeconomics of globalization?
It studies the economic behavior of individuals, households, and firms within the global economy.
What are the forms of global governance?
- Top-down governance.
- Bottom-up governance.
- Market governance.
- Network governance.
- Side-by-side governance.
- Complex web governance.
What defines the Global North and Global South?
Global North includes wealthier, developed countries, while Global South comprises poorer, developing nations.
What are the economic disparities between the Global North and South?
The North holds 80% of global income, while the South has 75% of the population but only 20% of global income.