global systems

interdependence meaning

the mutual dependence/reliance between things

problems with interdependence

unequal flows of people, technology, money and ideas

unequal flows of people

people immigrating into countries that get more tax

reduced unemployment in LIC’s

migration

people sending remittances home

people being stuck in cycle of poverty

unequal flows of money

outsourcing

deindustrialisation in LIC’s

unemployment in HIC’s

environmental degradation

exploitation of workers

unequal flows of technology

climate change caused

weapons increase conflict

creation of jobs

improved quality of life

not all can access latest innovations

unequal flows of ideas

increase in trade

westernisation

neoliberalism

greater inequality with the wealthiest benefitting the most

HIC’s tend to have a greater influence on ideas

neo liberalisation

political approach which promotes globalisation, free trade and deregulation

world bank

provides financial grants to low and middle income countries for development

offers technical expertise and policy advice to help improve quality of life

acts as a global development coordinator addressing global challenges

international monetary fund

maintains global financial stability by monitoring economic conditions

provides short term financial assistance to cultures facing economic crises

it promotes international monetary cooperation helping trade flows

world trade organization

sets and enforces global trade rules so trade flows fairly

it provides a forum for negotiating trade agreements to reduce tarrifs

it resolves trade disputes between nations helping remain stability

intergovernmental panel on climate change

assesses scientific research on climate change providing authoritative reports

supports global climate policy by supplying governments with international negociations

synthesizes work from thousands of scientists worldwide ensuring decisions are in the best available science