Globalization Flashcards
(13 cards)
What are the economic opportunities of globalization?
• It secures jobs, livelihoods, and economic stability.
• Lowers costs and raises profits.
• Supports poor communities, especially in developing countries, by creating new jobs and improving local infrastructure.
• Increases competition.
What are the cultural benefits of globalization?
People can move and travel freely.
• Increases cultural awareness.
• Promotes cultural exchange.
• Makes research, protests, and political activism more effective.
• Provides cheap and unrestricted access to global communication via mobile and internet.
• Allows access to new cultural products (education, entertainment, art, etc.).
What are the political advantages of globalization?
International problems can be solved together.
• Contributes to world peace.
• Supports international organizations.
• Enables smaller countries to work together and gain more influence internationally.
• Allows governments to learn from each other.
What are the ecological benefits of globalization?
Environmentally friendly technologies and practices can be shared
What are the economic challenges of globalization?
There is an enormous gap between rich and poor.
• Hlobal competition for cheap materials and labor in poorer countries lead to issues like child labor, poor working conditions, and low wages.
• The rise of “global players” lowers the survival chances of small businesses.
• Interdependent financial networks make economies more vulnerable to financial crises.
What are the cultural challenges of globalization?
Personal data has become less secure and permanently available.
• Dangerous or violent ideologies can spread faster.
• loss of cultural Identity
• The internet can be used to observe and control people.
• Cultural homogenization leads to a loss of cultural diversity.
What are the political challenges of globalization?
Reduced state authority.
• Big countries can shape decisions and international organizations.
• Some countries can veto decisions and slow down decision-making processes.
• Coordination among countries is difficult and expensive.
What are the ecological challenges of globalization?
Increased production of goods puts stress on the environment.
• Industrial waste is a result of increased production.
• Air pollution and global warming are worsened by material transportation, high air travel, exhaust fumes from factories, and greenhouse gases.
• Over-consumption and unsustainable lifestyles damage global resources.
• Tons of wasted goods end up in landfills.
What is globalisation?
Worldwide exchange on an economic, technological,political and cultural level due to growing interaction.
Examples where we have to work together globally?
Pandemics like the Coronavirus, climate change, polllution, overpopulation, waste disposal,…
What happened in the first era of globalization?
Globalization 1.0 started around1500 when Columbus set sail and lasted until about 1800. This era is characterized and defined by countries globalization. Due to this fact it was important how much innovative technology and manpower your country has in comparision to other countries
Second era
. Globalization 2.0 lasted from about 1800 to the year 2000 and was interrupted by the Two World Wars. This was the era when the world continued to shrink, when multinational companies increasingly went global for markets and labor, and when technological innovations continued to reduce transportation, communication, and production costs.
Third era
In about the year 2000 Friedman says, that the beginning of globalization 3.0 started and it’s continuing through this day. This third era is all about the world coming closer together. Only this era is neither characterized by countries globlizing nor companies globalizing but it’s built around individual characters
