1 - Global Systems and Global Governance Flashcards
(189 cards)
What is Globalisation?
Increasing interconnectedness of people around the world through the growth of the international flow of money, ideas and culture. Globalisation can be argued to primarily be an economic process of integration which has social and cultural aspects as well.
Who is a famous coloniser?
Cecil Rhodes - wanted ‘cheap labour that is available from the natives of the colonies.’
When did Globalisation start to take form as we know it?
Globalisation started to take form in the 1950s
- Post WW2 with solid trading blocs growing out of alliances formed
- Increasing the complexity of world trade
What is the Maggie and Ronnie influence?
- Free market economies promoted by their governments in the 80s, with no government intervention. A model copied around the world.
- Allowed banks, insurers, and other investment companies to operate anywhere for the best returns.
What are the two dimensions of globalisation?
The processes that allowed globalisation to take place, enabling the movement of tangible and intangible things around the world.
What are the 8 Dimensions of Globalisation?
- Travel - Planes, Trains, Tourists, Workers, Freight
- Pollution - Global warming, Exploitation, Oceans, Atmosphere, Global Waste Trade
- Communication - Internet, phone, News
- Migration - Culture, Labour, Ideas, Knowledge
- Culture - Religion, Languages, Traditions, Food, Fashion, Music
- Money - Exchange, Markets, Stocks
- Trade - Labour, Food, Resources, Goods, Services, Foreign Direct Investment, TNCs
- Politics - Geopolitics, Wars, Ideologies, Neo-Colonialism, Partnerships/Alliances (e.g., EU)
What are the things that flow globally?
PCLITS
- Products
- Capital (Trading)
- Labour
- Information (e.g., News)
- Technology (e.g., Apple)
- Services (e.g., UK finances)
How does Marketing Services flow around the world?
A recognizable brand is developed, and one marketing strategy is used globally to advertise the product, generating economies of scale.
What is Global Shift?
The filtering down of the manufacturing industry from developed countries to lower wage economies.
What is the pattern of production in Developed countries?
- In 1954, 95% of manufacturing was in industrialised economies.
- Products were largely consumed in the country of origin.
- Decentralisation occurred due to FDI by TNCs into developing countries.
- Consequence = deindustrialisation in richer countries.
What is the pattern of distribution & consumption?
- Product consumption predominantly lies in richer developed countries.
- Products manufactured in NEE economies are largely exported to Europe, NA, and Japan (e.g., Dyson moved production to Malaysia).
By how much did employment in manufacturing in the UK fall from 1983 to 2013?
50%.
What is the international division of labour created by Globalisation?
- Highly skilled, highly paid occupations are mostly in developed countries.
- Unskilled, poorly paid assembly occupations are in developing countries.
- This pattern is changing as NEEs become more affluent.
How do New Technologies, communications and information systems help Globalisation?
- Information can be shared easily and cheaply with billions.
- Mobile phones connect people and markets in ways previously not possible.
How does Global financial systems link to Globalisation?
- Banks and financial services operate globally, linked by systems—allowing lending and money flows. 🏦
- The 2007 credit squeeze and 2008 global banking crisis were triggered by the collapse of US house prices. 🏚️
How do Transport Systems help Globalisation?
- A global transport network allows movement of people and goods across vast distances, creating new opportunities and threats.
How has Security changed in relation to Globalisation?
- Traditional security measures have reduced in significance as boundaries become less of a barrier.
- Cybersecurity issues have become prominent due to reliance on information systems.
What is Government Support in regards to Globalisation?
Support that a government gives to businesses to access global trade effectively, such as DIT, UK
What’s an example of a company helped by UKTI?
Yorkshire Rocking Horses.
What was the total number of passengers carried on scheduled services in 2019?
4.5 billion.
What is a Pakistan dryport?
Ports that process documentation and customs paperwork to speed up the process for exporters in Pakistan.
What are Bangladesh Export Processing Zones?
Economic enclaves where goods can be imported, manufactured, and reshipped with reduced duties.
What is the Bangladesh Export Processing Zones Authority (BEPZA)?
- Responsible for creating, developing, and operating EPZs to promote export-oriented businesses.
How does BEPZA promote export-oriented businesses?
- Offers the first 3 years of a business in their EPZs to be tax exempt.
- Duty-free import of construction materials, machines & office equipment.