Globalisation - Case Studies Flashcards

(36 cards)

1
Q

What is the purpose of the EU?

A

Economic and political union for collective decision making

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2
Q

What treaty established the EU?

A

Maastricht Treaty 1993 (EEC formed Treaty of Rome 1957)

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3
Q

How many nations are part of the EU and what is their combined GDP?

A

27 nations: combined GDP of $16.6 trillion

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4
Q

What is the purpose of the ASEAN?

A

To ensure regional peace/co-operation, avoiding external interference

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5
Q

How many nations are part of ASEAN and what is their combined GDP?

A

10 nations: combined GDP of $3.7 trillion

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6
Q

What governance structure does the EU use?

A

Supranational with binding laws enforced by European Court of Justice

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7
Q

What voting method is used in the European Council?

A

Majority voting

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8
Q

What is the ASEAN Way?

A

Intergovernmental with non-binding resolutions emphasizing individual sovereignty

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9
Q

What is the EU’s single market?

A

Freedom of movement of goods, services, capital, and people

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10
Q

How many EU members use the euro?

A

20 out of 27 EU members

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11
Q

What percentage of global trade does the EU account for?

A

15%

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12
Q

What are Free Trade Agreements (FTA)?

A

Agreements with over 40 external partners (e.g. EU-South Korea FTA 2011)

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13
Q

What is the Common Foreign and Security Policy?

A

Shared goals including sanctions and non-interference policy

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14
Q

What does the European Commission do?

A

Enforces rules with penalties for non-compliance

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15
Q

What challenges does the EU face?

A

Rising Euroscepticism, Brexit, development gaps, lack of enforcement

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16
Q

What significant policy change did China undergo in 1978?

A

Open Door Policy allowing reforms and embracing globalization

17
Q

What was the impact of rural reforms in China post-1978?

A

300 million people migrated from rural areas to cities

18
Q

What are Special Economic Zones (SEZs) in China?

A

Areas with low/no corporation taxes encouraging growth

19
Q

What has been the shift in China’s economy by 2015?

A

Shift towards high-tech goods and significant poverty reduction

20
Q

What is the cultural protectionism policy in China?

A

Controls on foreign TNC dominance and limited foreign media access

21
Q

What is the situation of North Korea regarding globalization?

A

Politically isolated with no access to social media or outside influence

22
Q

What caused the global shift in manufacturing to China?

A

Low-cost labor and improved worker conditions post-2000

23
Q

What are some benefits of economic growth in China?

A

Improved living conditions, increased domestic consumption, and technology adoption

24
Q

What are the economic characteristics of India’s growth?

A

Service and IT sectors driving economy, with high English fluency

25
What are some challenges faced by Indian call center workers?
Long hours, repetitive work, and a widening wealth gap
26
What is the population of Mumbai and its growth since 1970?
Home to 22 million, doubled since 1970
27
What is the significance of Dharavi in Mumbai?
Inner-city informal settlement with a flourishing economy in plastic recycling
28
What is the impact of Russian oligarchs on London real estate?
Estimated £1.5bn annually spent on real estate by wealthy Russians
29
What percentage of the UAE's population consists of Indian workers?
30% of total population
30
What is the trend in meat consumption in China?
Increased tenfold during the 1990s, becoming the largest market for processed food
31
What has been the cultural impact on indigenous people in Papua New Guinea?
Loss of traditional lifestyles and increasing western influence
32
What was the UN's 'Decade of the Disabled'?
A campaign aimed at improving attitudes and rights for people with disabilities
33
What has contributed to the rise of extremist parties in Europe?
Opposition to migration and nationalistic sentiments
34
What are the potential consequences of damming the Mekong River?
Reduced river flow impacting agriculture and food supply in Vietnam and Laos
35
What challenges do First Nations in Canada face?
Opposition to oil extraction and environmental degradation
36
What is the 'Incredible Edible Todmorden' Campaign?
A local initiative promoting food grown in Todmorden for community benefit