globalisation Flashcards

(37 cards)

1
Q

social winners of globalisation

A

Shenzhen - special economic zone
India - shifted into tertiary service sector jobs

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2
Q

Shenzhen

A

In the last 40 years, initially small fishing village developed into huge metropolis
Due to investment of transnational cooperations such as technology and electronic companies
has allowed multiplier affect as more taxes payed to the government used for development of infrastrucutre and facilities
- has one of the largest stock exchange meaning its a centralised location for the movement of goods

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3
Q

Social losers of globalisation/TNCs

A

Disney (stereotypes)
China (cancer villagers)

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4
Q

Disney facts

A
  • large global company which invests billions into film production every year
  • princesses often regarded has having a negative impact on girls body images and the way girls are viewed in society
  • 96% of girls has viewed disney content
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5
Q

coca cola

A

coca cola is taking water from supply under the ground meaning small farms have less
people may have to leave their homes if water runs out, poorer people have to borrow money to buy water < – however they then can’t pay it back which causes a larger development gap
locals want coca cola to leave

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6
Q

how many water-bottling plants does coca cola have in India

A

58

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7
Q

what is the gini co-efficient

A

a measure of inequality

0.5-1 would mean there is severe inequality

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8
Q

what is a diaspora

A

a population that has been dispersed from their original homeland

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9
Q

Losers from globalisation

A
  • China ( cancer villages)
  • brain drain <– has led to a reduction in skilled professionals in the Rust Belt area of the USA
  • Riconada Peru
  • Disney
  • the environmental impacts that shell has had in Nigeria
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10
Q

what is a cancer village and how many does China have

A

cancer village - where mortality rates from from cancer have increased by 80% in the last 30 years < – which correlates with the level of industrialisation and water/air pollution
China has 459 cancer villages

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11
Q

example of TNC’s having a positive impact on the environment

A

IKEA
- 50% of IKEAs wood is sourced form sustainable forestry (such as leacing young trees to mature and only cutting down when it’s necessary)
- IKEA has committed to cut down greeenhouse gas emissions by half by 2030 (by increasing use of materials and food ingredients with a lower carbon footprint)
- company are transitioning into becoming a circular business by regenerating resources and becoming net zero by 2050

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12
Q

example of TNC’s having a negative impact on the environment

A

Shell oil in Nigeria
- it has created around 60,000 jobs directly and over 250,000 indirectly
- there has 1010 oil leaks since 2012 <– amounts to 17.5 million litres of oil spilled into the environment
- events leading to crude oil theft and sabotage
- harvests being made impossible due to crops being destroyed
- oil runs into water sources <– making it unsafe to drink

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13
Q

what is cultural diffusion

A

the spreading of different cultural ideas which happens as a result of globalisation e.g. TNC’s, migration and social media

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14
Q

problems caused for CUBA

A

-** cultural erosion** has resulted in changes to the environment (e.g. beach resorts have changed Cuba’s coastline and coral reefs are now threatened by increased tourist activity
- increased knowledge of the world is challenging Cuba’s traditions and values <– globalisation is diluting Cuban culture

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15
Q

benefits caused for Cuba

A
  • cultural diffuson < – led to closer and faster connections which enable the tranfer and spread of sttitudes and values around the world
  • the influx of international toursits and spread of satellite TV and the internet, is broadening Cuban’s knowledge of the rest of the world
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16
Q

why is Mumbai struggling due to rural-urban migration/ urban growth

A
  • TNC’s move to increase profit margins and develop their company
  • People living in dwellings made of rubbish <– described as living in a ‘Ces Pit’
  • lack of governance and infrastructure < – no help given to people living informally
  • kids playing in toxic waste <– lack of health and safety regulations
  • overpopulation - between 1970-2018, Mumbai’s population doubled in size to over 26 million
  • global brands such as Hilton and Starbucks are present
  • majority of these profits go to richer TNC owners, children are exploited <– owners capitalise of the cheap labour and desperateness of the workers in Dharavi
17
Q

what is elite migration

A

migrants are highly skilled and/or socially influential individuals.
their welath derives from their profession or inherited assests
some elite migrants live as ‘global citizens’ and have multiple homes in difference countries <- they encounter very few obstacles when moving between countries
most governments welcome highly skilled and extremely wealthy migrants

18
Q

what are some attempts that countries are taking to reduce the spread of globalisation

A

censorship in North Korea and China
limiting migration - Japan and UK
trade protectionism - Chinese steel

19
Q

explain the censorship in China

A
  • China is a single part communist state <- as such, globalisation presents a psychological challenge for its leadership
  • chinese government enforces censorhip of Internet content as well as all publilshed material - where print publishing or broadcasting via TV or radio is run by official state media
20
Q

explain why the UK is limiting migration to reduce globalisation

A
  • cheap labour migrants undercut local wages
  • government isn’t prepared for the influex of migrants which causes increased demands on welfare, healthcare and education etc
21
Q

what is fair trade and how does it reduce the inequalities of globalisation

A
  • fairtrade aims to return a bigger proportion of the revenue to producers or growers.
  • its an independent not-for-profit organisation, which certifies products by issuing the FAIRTRADE mark as a guarantee that they are ethically produced and that a fair price has been paid to the producers
  • the WTO policy of trade liberalisation pitches small businesses against much larger rivals and can mean that factory workers recieve small shares of a products value <– fair trade reduces this
22
Q

what is ethical shopping and how does it reduce inequalities of globalisation

A
  • the UK’s retail sector is increasingly aware of ethical issues in shopping
  • all supermarket chains now display ethical shopping credentials for those who want to make a difference
  • local product - such as Farm Aware meat and named suppliers on food products - is returning to the shelves
    however:
  • buying organic destroys more forests
  • fair trade does raise farmers income but it also increases potential overproduction which causes prices to fall leaving farmers no better off
23
Q

what is a transition town
+ explain an example

A

the transition town movement aims to promote local sourcing of products and maximise the local benefits of local spending
e.g. Totness was the first transition town
- the totness pound aims to ensure that money spent in the area is reinvested into the community
- socially, community ties are strengthened through art classes and activist groups
- the food-link project aims to strengthen ties with local producers, reducing food miles/carbon emissions and benefitting local farmers

24
Q

what is an IGO

A

intergovernmental organisation

25
what is the IMF role in globalisation
- IMF channels loans from rich nations to countries that apply for help --> in return, the recipients must agree to run free market economies that are open to outside investment - as a result, TNCs can enter these countries more easily - the USA exerts significant influence over IMF policty despite the fact that is has always had a European president
26
what is the world banks role in globalisation
- lends money on a global scale - in 2014 a US$470 million loan was granted to the Philippines for a poverty reduction programme - the World Bank also gives direct grants to developing countries (in 2014, help was given to the Democratic Republic of the Congo to kick-start a stalled mega-dam project)
27
evaluation of IMF
- IMF rules and regulations can be controversial - --> especially the strict financial conditions imposed on borrowing governments, who may be required to cut back on health care, education, sanitation and housing programmes
28
evaluation of the World Bank
- in total, the World Bank distributed US$64 billion in loands and grants in 2018 - however, like the IMF, the World Bank imposes strict conditions on its loans and grants - controversially, all world bank have been American Citizens
29
what is the WTO (world trade organisation) role in globalisation
- the WTO took over from General Agreement on Trade and Tariffs in 1995 - based in Switzerland, the WTO advocates trade liberalisation, especially for manufactured goods - asks countries to abandon protectionist attitudes in favour of untaxed trade (China was persuaded to lift export restrictions on 'rare earth' minerals in 2014
30
evaluation of the WTO
- has failed to stop the worlds richest countries, such as the USA and UK from subsidising their own food producers - this protectionism is harmful to farmers in developing countries who want to trade on a level playing field
31
examples of economic globalisation
- the growth of transnational corporations - accelerates cross-border exchanges of raw materials, components and manufactured goods - information and communications technology - supports the growth of complex spatial divisions of labour for firms and a more international economy - online purchasing using amazon on a smartphone
32
examples of political globalisation
- the growth of trading blocks (EU, NAFTA) - allows TNCs to merge and make acquisitions of firms in neighbouring countries, while reduced trade restrictions and tariffs help markets to grow - global concerns such as free trade, economic recessions and the global response to natural disasters (2011 japan tsunami) - the World Bank, IMF and WTO work internationally to harmonise national economies
33
examples of social globalisation
- international migration - has created extensive family networks that cross national borders - global improvements in education and health - rising world life expectancy and literacy levels (however changes are not universal) - social interconnectivity - has grown over time thanks to the spread of 'universal' connections e.g. mobile phones, the internet and email
34
examples of cultural globalisation
- 'Americanisation' 'McDonaldisation' - western cultural traits come to dominate in some territories - Glocalisation and hybridisation are a more complex outcome that takes place as old local cultures merge and meld with globalisation influences - the cirulation of ideas and information has accelerated thanks to 24-hour reporting
35
privatisation
- successive UK governments have led the way in allowing foreign investors to gain a stake in privatised national services and infrastructure - until the 1980's, important assessta such as the railways and energy supplies, were owned by the state --> however they were sold to private investors to reduce government spending and to raise money - over time, ownership of many assests has passed overseas
36
free-market liberalisation/ neo-liberalism
- government intervention in markets impedes economic development - as overall wealth increases, trickle down, will take place from richest members of society to the poorest <- this means restrictions being lifted on the way companies and banks operated. - the deregulation of London (1986) removed large amounts of 'red tape' and paved the way for London to become the world's leading global hub for financial services
37