Flashcards in Lecture 1 - A Globalising World Deck (38)
Is Globalisation a NEUTRAL CONCEPT?
What is globalisation?
Spread of the same political and economic patterns across the globe
Technology, finance, travel, are what aspect of globalisation?
Increasing political and economic linkages across the globe
UN, CNN, BBC, Al Jazeera are what to globalisation?
Important of global organisations
Media, fashion, film, travel, spread what?
Social, environmental and even criminal aspects are also affected by what?
SO sum up 5 aspects of globalisation?
-Spread of political, economic patterns
- Increasing political and economic linkages across globe
- Importance of global organisation e.g BBC, CNN
- Media, fashion, film - global culture
- Social, environmental and criminal aspects
Globalisation increased after what year?
1989 - ‘unprecedented in scope’
Name an example of globalisation shown in positive light?
Thomas Friedman’s - The Lexus and the Olive Tree
Globalisation can be seen to prevent what?
Thomas Friedman, The Lexus and the Olive Tree 1999, Golden Arch Theory - what is it?
No two countries with a McDonald’s have been to war. The idea is that states are becoming so economically interdependent that it is not within their national interest to go to war with each other.
Toby Ziegler, The West Wing, what did he say about globalisation and prevention of wars?
Free trade stops wars and we figure out a way to stop the rest”,
How globalised are we?
Depends on definition
The world systems theory is how old?
When was the Major recent phase of globalisation?
What happened after 1989 in globlisation, what makes it new?
The coverage, the links unprecedented, its sameness as globe is 'flattened' and globalisation used often to describe EVERY change
Why has Economics has seen internationalisation?
Because of the move of capitalism and MNCs into more countries
Internationalisation is what type of capitalism?
What happened with globalisatiuon and politics?
Internationilsation of democracy, more democracys than ever before.
Organisations like the UN, the EU, the AU and even NATO more important and take greater role in intervention to spread values rather than just maintain ‘peace and security’
Is globalisation a world of less inequality?
After 20 years of internationalisation half of the world’s population lives on less than $2
Lower growth than other recent periods
So not really
Incorporation of China and India into the global economy
A consumer boom
Dark side of globalisation - financialisation, what is it?
Raw material prices volatile and currencies even more so
This affects the ‘real economy’ of rich and poor countries
Dark side of globalisation - global finance has what?
A weak regulation, the image of globalisation as global enrichment/standardisation isn’t necessarily accurate
There are marked differnces to globalisation between states, what are they?
Some use it for own power
Some try to manage globalisation
Some try to resist it
What are important to globalisation. Hint EU, NAFTA and the 2008 financial crisis
Regions and states
Globalisation is a Western Project? How so?
Keeps the US as world hegemon (leader)
US/EU dominance in orgs like the IMF and WB
Glob. gives rise to new states who then ‘join the club’
G7 moves to G20 (now being seen as more important)
WHo are the regional hegemons?
(PRC, Russia, India, Brazil)
Some countries don't benefit such as Africa what does this mean?
The world is still unequal
Is liberal world a peaceful wolrd?
Both liberal and right wing views argue not
High levels of conflict in Africa, Asia etc caused by globalisation
If liberal values are spread it involves drones and bombs (Kosovo, Iraq, Afghanistan)
(Richard Seymour ‘The Liberal Defence of Murder’)