Global systems Flashcards
(11 cards)
What have systems done to support globalisation ?
They have evolved to support the increased economic, political, social and environment interdependence that exists in contemporary world.
What is interdependence ?
Each country depends on others and so what happens in one place will increasingly have impacts on others.
Good illustration of this is COVID-19 which started in China but spread largely as a result of more frequent travel.
What are the 4 main types of interdependence ?
Economic, Political, Social, Environmental
How are countries linked with each other through economic interdependence ?
Trade, Advances in tech, Employment, TNCs and investment, Industrialisation
How are countries linked with each other through political interdependence ?
Intergovernmental organisations such as World Bank, International Monetary Fund (IMF), World Trade Organisation (WTO), UN, World peace
How are countries linked with each other through social interdependence ?
Health - WHO, Education - foreign exchange programmes, Culture
How are countries linked with each other through environmental interdependence ?
Global commons, Global climate change - led to international summits such as the UN Environment Programme, Unsustainable activities such as deforestation.
What is unequal flows of people and the positives and negatives of this ?
Globalisation enables workers to move more freely around the world.
Remittances sent back to developing countries, Reduced unemployment in places where there is a lack of work.
Developing countries lose young-skilled workers, Developing countries over-dependant on remittances, Migrant workers may be treated differently in other countries.
What is unequal flows of money ?
Remittances, Loans - NEEs borrow from World Bank to fund projects, Inflows of FDI, Growth of TNCs, Foreign aid
What is unequal flows of Ideas and ADV and DIS ?
Generally flow from HICs to NEEs that want to emulate the success enjoyed by richer nations.
Multiculturalism : ADV - enables developing countries to integrate into global economy. DIS - citizens may see it as a dilution of their culture.
FREE TRADE : ADV - allows global markets to thrive and may help some LICs to attract investment. DIS - LICs may be outcompeted by free trade so protection will be needed.
What is unequal flows of technology ?
Information and data flows - LICs have less access to mobile and internet services, Tech manufacture - access to tech such as laptops less in LICs
