EQ1: What are the causes of globalisation and why has it accelerated in recent decades? Flashcards
What is globalisation?
A process by which national and regional economies, societies, and cultures have become integrated through the global network of trade, communication, immigration and transportation.
What is globalisation the process of?
Increasing connectivity between people and places and environments across the planet.
Globalisation involves…
widening and deepening global connections, interdependence and flows (commodities, capital, information, migrants and tourists)
What is economic globalisation?
Involves the growth of TNCs, which have a global brand image and presence; the spreading of investment around the world; rapid growth in world trade
What is cultural globalisation?
Unifying and diversifying; people using increasingly similar: food, clothes, music, values - many of which are ‘western’ in origin (from North America and Europe)
What is social globalisation?
Refers to how population structures have changed as a result of shifting population characteristics e.g migration, immigration and emigration. Global improvements in education and health have also accelerated this.
What is political globalisation?
Takes the form of the dominance of western democracies in political and economic decision making; spreads the view that democratic, consumerist societies are the most ‘successful’.
The growth of trading blocs, free trade agreements and global organisations.
What is demographic globalisation?
Increasing migration and tourism makes populations more fluid and mixed.
What is environmental globalisation?
Refers to the holistic approach to environmental problems and issues. The realisation that global environmental threats require global solutions.
Examples of cultural globalisation:
- sports
- capitalism
- pop culture
- cuisines
- religion
- languages
Examples of environmental globalisation:
- Paris Agreement
- G7 Summit
- renewable energy resources
Examples of political globalisation:
- European Union
- NAFTA
- IMF
Examples of social globalisation:
- diversity in schools
* Brexit
Examples of economic globalisation:
- TNCs
* trade
What is interdependence?
The success of one place depends on the success of other places. Economic problems in one country can quickly spread to its trading partner and quickly affect people in distant places.
What happened as a result of staff in the Honda factory in Swindon working two days a week following a Japanese tsunami?
The German DAX (stock market) lost 1.2% within minutes after the tsunami.
What are global flows?
The connections between places.
Global flows are creating new degrees of connectedness among economies.
What are the 3 aspects of globalisation?
Connections are LENGTHENING, DEEPENING, FASTER
What are examples of flows?
- goods: the products and commodities we all buy in shops, many which are grown in other places
- capital: flows of money between people, banks, businesses and governments
- information: such as data transferred between people and business
- people: flows of migrants and tourists
- services
- culture
- technology
What happened during decolonisation in the 1950s, 1960s and 1970s?
Many newly Independent countries reacted against the perceived exploitative nature of the international trade system by seeking self sufficiency through import substitution.
Define hybridisation.
The process by which a cultural element e.g food, language or music blend into another culture by modifying elements to fit cultural norms.
What has the speed and ease of moving around the world done?
Reduced the friction of distance between places as well as dramatically lowering the cost of trade.
What did the 19th century see a development of?
The railway, telegraph and steam ship.
What did the 20th century see a development of?
Jet aircraft and containerisation.