Global systems and governance Flashcards
(13 cards)
Globalisation
growing interdependence of countries worldwide through cross border transactions
3 types of globalisation
Economic - Growth of TNCs
Social - impact of culture art etc… on the world
political - the growth of western democracies and influence on poor
KOF index
measures globalisation via connections with countries
Economic - flowa of money
Social - contacts, information and culture
Flows of capital
Flows of labour - young workers who migrate to find jobs
Finance as a factor of globalisation
Transfer of money between countries
better technology
World bank
Remittance, FDI, loans, aid, repatriation
Transport as a factor of globalisation
Reduction in the frictional effect of distance, greater distances can be covered, the world has shrunk
Aeroplane travel
Security as a factor of globalisation
Increase border control, decrease globalisation, however, better communication between countries
Communication as a factor of globalisation
Transfer of information
relationships on a local and international scale
TNCs can operate in many countries
Management of information as a factor of globalisation
enhanced flexibility of companies
free trade zones
research and development sectors of work
allows JIT work due to precise timings
Trade agreements as a factor of globalisation
Liberalising trade, WTO
allow countries to trade unrestricted, promoting trade
Capitalist world must have
A global market
many countries
three tiers of countries
3 tiers of a countries
Core
semi periphery
periphery
unequal flows of people
Workers from one countries enter another, one countries loses a work force, one gains one
however, a countries resources can be depleted by this workforce
Remittances can be sent back to source country
Unequal power relations
can cause conflict
e.g. china in the south china sea, exploiting land in countries that it doesn’t own
