GLOBAL GOVERNANCE Flashcards
(121 cards)
What is globalisation?
The growing interdependence of countries worldwide.
Give examples of social globalisation.
Families connecting via Facetime, social media.
Give examples of economic globalisation.
Growth of TNCs, exchange of goods and services.
Give examples of cultural globalisation.
Sharing of foods, clothing, and lifestyles.
Give examples of political globalisation.
International agreements and cooperation.
Is globalisation a new process?
No, but its speed has recently increased.
List positives of globalisation.
World connected, jobs in LICs, cultural exchange, competition.
List negatives of globalisation.
Climate change, exploitation, culture loss, brain drain.
What are ‘flows’ in globalisation?
Movements like capital, labour, goods, services, information.
What is remittance?
Money sent home by migrants; e.g., 25% of Nepal’s GDP.
What is global marketing?
Promoting and selling products as if the world is one market.
What is a global brand?
A product sold worldwide like Coca Cola.
What is glocalisation?
Adapting global products to local needs; e.g., Maharaja Mac.
How does technology drive globalisation?
Shrinks distance, speeds communication.
What is the ‘shrinking world’ effect?
The world feels smaller due to technological advances.
What is deregulation in finance?
Relaxing financial controls to increase global investment.
How do container ships help globalisation?
Reduce transport time and cost, boosting trade.
How does air travel support globalisation?
Speeds delivery of goods and people.
How can security limit globalisation?
Tightened borders can restrict migration and trade.
How has communication technology helped?
Internet, satellites, and cables enable instant data sharing.
What are global supply chains?
Networks where countries specialise in production.
What is outsourcing?
Hiring foreign firms to perform tasks; e.g., Apple to Foxconn.
What is offshoring?
Moving company operations abroad; e.g., Dyson to Malaysia.
Define migration.
Movement of people due to social, economic, political, or environmental factors.