Globalisation

• What is one of the main reasons for deforestation in Borneo?

  Deforestation in Borneo is primarily for palm oil.
• What is a significant environmental impact of deforestation?

  It affects the supply and demand needs for goods.
• How many agreements were needed in 2016 to address climate change?

  Six agreements were needed in 2016.
• What is the purpose of the Paris Agreement?

  It is a global response to climate change.
• What is necessary for real change in climate action?

  Implementation of measures and compulsory actions are necessary.
• What environmental disaster occurred in 2010?

  The Deepwater Horizon BP Oil Spill occurred in 2010.
• What was one consequence of the Deepwater Horizon spill?

  It polluted water and killed fish.
• How many birds were killed due to the Deepwater Horizon spill?

  82,000 birds were killed.
• What economic consequence did BP face due to the oil spill?

  BP had to pay 5 billion US dollars in claims.
• What is one argument against consumerism?

  It leads to materialism and the dominance of global brands.
• What does Benjamin Barber argue about homogenization?

  He argues that it diminishes cultural differences.
• What is cultural imperialism?

  Cultural imperialism refers to the dominance of Western culture.
• What are some benefits of cultural exchanges?

  Cultural exchanges promote understanding in fields like art, medicine, and sports.
• What do classical economists like Adam Smith advocate for?

  They advocate for free trade and global prosperity.
• What is the 'invisible hand' concept in economics?

  It suggests that free markets lead to economic efficiency.
• What is one negative effect of tariffs and subsidies on economies?

  They create inefficiencies in national economies.
• By how much did global wealth increase in 2017?

  Global wealth increased by 6.4% in 2017.
• How did free trade affect consumer goods prices from 1980 to 2018 in the USA?

  Microwave prices dropped by 85% during that period.
• What is a comparative advantage in global trade?

  It allows nations to specialize in what they produce best.
• What is one argument for free trade regarding poverty?

  It helps lift people out of poverty in the developing world.
• What is a criticism of economic globalization?

  It leads to neocolonialism and exploitation of workers.
• What is one consequence of TNCs operating in countries with less regulation?

  They attract businesses due to lower safety regulations.
• What is one effect of TNC power on nation states?

  It reduces the power of nation states.
• What is a tax burden on citizens related to TNCs?

  TNCs often operate in countries with lower tax rates.
• What feeling arises due to mass communication and information flows?

  It creates a feeling of global inequality.
• What happened to Greece in relation to the IMF?

  Greece experienced an IMF takeover.
• What is a consequence of the shadow market activity?

  It involves money made by crime.
• What is one argument against globalization regarding nation state sovereignty?

  It leads to a decrease in nation state sovereignty.
• What does the Washington Consensus refer to?

  It refers to a set of economic policy recommendations for developing countries.
• What is the purpose of structural adjustment programs (SAP)?

  They are designed to help countries in debt crises.
• What is one impact of SAP on state sovereignty?

  It impinges on state sovereignty.
• What is the key term that refers to the absolute and unlimited power of a state?

  Sovereignty
• What is a nation state?

  Autonomous political community held by citizenship
• Who are non-state actors in global politics?

  Participants with significant power not states
• What does globalisation refer to?

  Emergence of interconnectedness in many forms
• What is economic globalisation?

  Growing integration and interdependence of economies
• What does political globalisation involve?

  Growing importance of international organisations
• What is cultural globalisation?

  Transmission of ideas and values around the world
• What does homogenisation refer to in globalisation?

  Development of a single, homogeneous culture
• What is interconnectedness in the context of globalisation?

  Mutual reliance of two or more groups