1/47
Looks like no tags are added yet.
Name | Mastery | Learn | Test | Matching | Spaced |
---|
No study sessions yet.
Globalization
The increasing or expedited flows of people, goods, and ideas across borders.
6
Paradigms of Globalization Economic, political, technological, multinational corporations, cultural, and environmental.
Dominant
Paradigm Economic globalization dominates scholarship and media discussions.
"Is
Globalization Good or Bad?" A flawed question because globalization has both positive and negative effects depending on context.
Two
Ends of Globalization Rapid corrosive effect vs. potential for social, political, and economic improvement.
Commodity
Anything that has value and can be exchanged in global markets.
Fungibility
Interchangeability of commodities; one unit is equal in value to another.
T-and-O
Maps Medieval Muslim maps showing trade routes with Mecca or Jerusalem at the center.
Trans-Saharan
Trade Linked North and West Africa through gold and salt exchange from ~800-1600 CE.
End
of Trans-Saharan Trade Ended due to rise of maritime trade and changing political power.
Silk
Road Network connecting East Asia to Europe through land routes from ~200 BCE-1500 CE.
End
of Silk Road Chinese isolationism and the rise of sea trade routes.
Cod
Story Shows global-local connections through fishing, trade, and technology over time.
Groups
in Cod Trade Vikings, Basques, English, Hanseatic League, and Americans.
How
Cod Exemplifies Globalization Shared knowledge, trade, and resources across regions and centuries.
Scramble
for Africa Competition among European nations to colonize Africa (1884-1885).
Berlin
Conference 1884-1885 meeting dividing Africa among European powers.
Direct
Rule Colonial system with foreign officials governing at all levels (France).
Indirect
Rule System using local leaders under colonial authority (Britain).
Colonial
Project European process of resource extraction and control justified as a "civilizing mission."
Social
Evolution Victorian idea ranking societies as savage, barbaric, or civilized.
Cultural
Relativism View that cultures must be understood in their own context, opposing ethnocentrism.
Imagined
Communities Nations formed by shared identity and communication, not physical proximity.
Capitalism
Economic system based on private ownership of production for profit.
Socialism
State ownership of production and distribution.
Communism
Collective ownership aiming for classless society.
Adam
Smith Founder of modern economics; "invisible hand" of markets guides rational outcomes.
Free
Market Economy with little to no government interference.
Protectionism
Economic policy using tariffs to protect local industries.
Industrial
Revolution Shift to industrial manufacturing, starting in Britain (late 1700s-1800s).
200-Mile
Limit US/Canada law restricting foreign fishing access.
Predatory Capitalism
Exploitation through unregulated, profit-driven global markets.
World
Systems Theory Wallerstein's model: core, semi-periphery, and periphery nations in global trade.
Commodity
Chain Path of a product from raw material to final consumer.
Fair
Trade Trade ensuring fair wages, ethical sourcing, and environmental protection.
McDonaldization
Efficiency, calculability, predictability, and control in global business.
Starbuckization
Cultural and spatial expansion of standardized consumer experiences.
Infill
Locating stores close together to dominate urban spaces.
Big
Mac Index Measures purchasing power using the cost of a Big Mac.
Tall
Latte Index Measures cultural and economic value through Starbucks coffee prices.
Neoliberalism
Global spread of free-market capitalism, privatization, and deregulation.
Bretton
Woods (1944) Created IMF and World Bank for global financial stability.
Structural
Adjustment Programs (SAPs) Policies requiring privatization, deregulation, and currency devaluation.
Poverty
Trap / Debt Spiral Cycle of borrowing leading to increased dependency on international loans.
Race
to the Bottom Countries lowering standards to attract foreign investment.
Nationalization
State control of industries and resources.
Privatization
Transfer of public assets to private ownership.
Zambia
Case Showed effects of debt, IMF loans, and privatization on developing economies.