Understanding Globalisation

Cards (91)

What does globalisation mean?
Connecting countries and their people closely
How did countries interact before globalisation?
They mostly dealt with their own affairs
What are the differences between before and after globalisation?
Before: Limited international trade, slower communication, fewer foreign investments
After: Increased international trade, faster communication via technology, more foreign investments
What is global integration?
Countries coming together
What is an interconnected world?
A world where countries rely on each other
How does a shirt made in Bangladesh illustrate globalisation?
It shows how trade has become international
What are the key phases of historical globalisation?
Ancient Trade: Linked cultures via Silk Road
Age of Exploration: Expanded trade routes through colonization
Industrial Revolution: Increased production and trade speed
What was a key development during the Ancient Trade phase?
Silk Road and maritime trade
What impact did the Age of Exploration have on globalisation?
It expanded trade routes and introduced new goods
What was a significant development during the Industrial Revolution?
Mechanization and railways increased trade speed
What are the key drivers of globalisation?
Trade: Economic interdependence through goods exchange
Technology: Rapid communication and information sharing
Cultural Exchange: Spread of customs and ideas
What does economic interdependence mean?
Countries depend on each other for goods
How does technology drive globalisation?
It facilitates rapid communication and connections
What are the economic aspects of globalisation?
Economic Interdependence: Reliance on each other
Free Trade: Removal of barriers for goods flow
Global Supply Chains: Products made in multiple countries
What is free trade?
Unrestricted flow of goods and capital
How do global supply chains work?
Products are made in different countries
What are the social and cultural impacts of globalisation?
Hybridization: Cultures blend to create new forms
Homogenization: Global culture dominates local cultures
What is hybridization in the context of globalisation?
Cultures blend to create new forms
What is homogenization in globalisation?
Global culture dominates local cultures
How does the spread of fast food chains illustrate homogenization?
It dilutes local cuisine with global options
What is the ecological footprint?
Impact of human activities on ecosystems
How does globalisation affect resource use?
It increases resource extraction and pollution
What are the political implications of globalisation?
It enhances international cooperation and agreements
What role do international organizations play in globalisation?
They facilitate global dialogue and governance
What are the environmental effects of globalisation?
Increased resource use and pollution
Greater ecological footprints
Endangerment of sustainability
What is sustainability?
Meeting needs without harming future generations
How does international shipping affect the environment?
It contributes to high carbon emissions
What are the challenges of globalisation?
It raises issues of inequality and cultural dilution
How does globalisation affect national sovereignty?
It slightly reduces national sovereignty
What is the conclusion about globalisation?
It transforms the world through interconnectedness
Drives economic growth and cultural spread
Understanding its complexities is crucial
What are the main drivers of globalisation?
Trade, technology, and cultural exchange
What are the historical phases of trade in globalisation?
Pre-20th century: Limited by distance and technology
Post-WWII: Trade agreements like GATT (1947) and WTO (1995) promoted global trade
How did technology impact globalisation in the early 20th century?
Telegraph and telephone enabled faster communication
What technological advancements revolutionized global connectivity in the late 20th century?
Internet and mobile phones
How has cultural exchange evolved with globalisation?
Pre-globalisation: Limited by media and travel restrictions
Modern era: Increased through social media, global entertainment, and travel
What is economic interdependence in globalisation?
Countries rely on each other for goods and services
What is the role of free trade in globalisation?
Removal of barriers to facilitate goods and capital flow
How do global supply chains enhance efficiency?
Products are made in different countries
What are the social and cultural impacts of globalisation?
Hybridization: Cultures blend, creating new forms (e.g., K-pop)
Homogenization: Global culture dominates local cultures (e.g., fast food)
How does globalisation enhance international cooperation?
Through agreements and international organizations