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Global Systems and Governance > Introduction to Globalisation > Flashcards

Introduction to Globalisation Flashcards

1
Q

What are the 3 themes of globalisation?

A

cultural
economic
political

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2
Q

What is globalisation?

A

the increasing interdependence of leading trade nations that allows exchange of goods and services and for the development of TNCs, that can develop more power than nation states

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3
Q

What is an example of economic globalisation?

A
  • large TNCs rely on income from other countries, most of which comes back to CEOs
  • reduced income into own countries
  • TNCs have huge influence in markets
  • trade blocs
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4
Q

What is an example of cultural globalisation?

A
  • sector shift (different types of job become available for the population) -> could impact population growth etc. (if more people are getting educated and working)
  • damage to land
  • growing multiculturalism- however too much may lead to a lack of due to westernisation
  • tourism/holidays
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5
Q

What is an example of political globalisation?

A
  • pressure on governments to work together
  • political intervention against TNCs (Alibaba)
  • international organisations such as the UN
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6
Q

What is containerisation?

A

the standardisation of size and transport of containers, which are used transport goods around the world

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7
Q

What are the positives of containerisation?

A
  • fast (not as fast as planes)
  • uniformity allows for lots to be transported at once
  • growing size in ships is increasing the amount able to be transported
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8
Q

What is an NIC?

A

Newly industrialised country

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9
Q

What is an LIC/NEE/HIC?

A

LIC: low income country
NEE: newly emerging economy
HIC: high income country

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10
Q

What is a TNC?

A

Trans-National Corporation, businesses that have global reach

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11
Q

What is meant by ‘global village’?

A

concept created in the 1960s where economic factors and information would flow freely around the globe

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12
Q

What causes economic globalisation?

A
  • free trade
  • faster transport
  • growth of TNCs
  • marketing
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13
Q

What causes social globalisation?

A
  • migration
  • communication
  • information via. technology/communications
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14
Q

What causes political globalisation?

A
  • westernisation
  • global institutions (eg WTO)
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15
Q

What is the shrinking world hypothesis?

A

the idea that the rapid rate of globalisation makes the world feel smaller, with faster transport around the world

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16
Q

What is meant by the word ‘repatriation’?

A

something being sent back to country of origin

17
Q

What is world economy?

A

a collaboration of countries worldwide tied together by economic activity

18
Q

What is deregulation?

A

removal or reduction of government regulations in a specific industry

Global Systems and Governance (13 decks)

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