3rd 20 Flashcards
(20 cards)
According to blank -Regionalism is emerging today as a potent force in the process of globalization. If globalization is regarded as the compression of the temporal and spatial aspects of social relations then regionalism.
Mittelman, 1996
-often seen as a political and economic phenomenon, which actually encompass a broader area.
- Could also be examined in relation to identities, ethics, religion, and ecological sustainability, and health.
-As a process it should be treated as an emergent and socially constituted phenomenon
Regionalism
blank are a group of countries located in the same geographical location or specific area
Regions (According to Edward D. Mansfield and Helen Millner)
blank Focuses on regional concentration floes
Regionalization
blank Refers to the economic and political process by economic policy, cooperation, and coordination among countries
Regionalism
The south has long been home for the majority of the global population. Its fraction of the global population is rising as fertility rates have declined, reflecting this the south is now sometimes called the?
majority world.
defined globalization as “the expansion and intensification of social relations and consciousness across world-time and across world-space”.
Manfred Stegner
This was evident in every field and science studies the world as a structure and is viewed as mechanical function
Structuralism
2 areas of debate are?
blank analytical and theoretical
blank popular media users; ideological or normative debate
Academe
Public Discourse
globalization is coined as blank cuz existing accounts of globalization are incorrect, imprecise, or exaggerated
globalization as ‘globaloney’
No generally accepted definition of globalization has emerged, except for such broad descriptions as increasing global interconnectedness
Fragmegrative dynamics
blank disputes the usefulness of globalization as a sufficiently precise analytical concept
blank considers globalization as a sufficiently precise analytical concept
Rejectionist
Susan Strange
blank emphasizes the limited nature of current globalizing processes, emphasizing that the world is not nearly as integrated as many globalization proponents believe
blank and blank claim that the world economy is not a truly global phenomenon, but one centered in Europe, Eastern Asia, and North America; Without A TRULY ECONOMIC SYSTEM, THERE CAN BE NO SUCH THING AS GLOBALIZATION
SCEPTICS
HIRST AND THOMPSON(2009)
connected Manila in the Philippines and Acapulco in Mexico. blank also part of the age of Mercantilism
the galleon trade
-Controlled by regimes, mostly monarchs, which impose high tariffs(taxes), forbode (to predict) colonies to trade with other nations
- Believed that the nation’s wealth and power were best served by increasing exports than imports
Mercantilism (as a Governing Economic Order)
Delegates at Bretton Woods agreed to create two financial institutions:
which are?
. International Bank for Reconstruction and Development (IBRD, or World Bank)
International Monetary Fund (IMF)
this bank Funds postwar reconstruction projects
this bank is a Global lender of last resort to prevent countries from financial instability
International Bank for Reconstruction and Development (IBRD, or World Bank)
International Monetary Fund (IMF)
After BWS, various countries also committed themselves to further global economic integration through the
General Agreement on Tariffs and Trade (GATT) in 1947
Governments poured money into their economies- allowing people to purchase more goods. Demand for these products increased.
The height of Keynesianism (1940s-1970s)
(decline in economic growth )
and sharp increase in prices (inflation)
Stagflation
stagnation
