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a large proportion of MNCs are American
McDonalds is in 119 countries
US dominates IGOs
part of the P5
effective veto in the IMF
ideological power
America set the liberal standard for IR
UN founded in 1945 on liberal principles
Washington consensus of neo-classical free trade policies
cultural globalisation has created an international market
2020 South Korean film Parasite won an Oscar
globalisation benefits emerging countries
China has become worlds largest economy when using PPP since 20017
China joined WTO 2001 and is worlds largest exporter
countries are becoming more protective over borders and limiting free trade
brexit 2016
election of Trump 2016 and 2024
example of sovereignty being pooled
EU
Maastricht Treaty 1992 making the EU a quasi federal state
internet influences citizens
BLM movement in 2020
Facebook led to the Arab Spring 2010
countries are forced to make conditions to attract FDI
Susan Strange ‘markets are masters of governments’
2003 Luiz de Silva (President of Brazil) had to abandon socialist principles to attract FDI
Ireland had corporation tax rate of 12.5%
States can withdraw from treaties and IGOs
Trump left Paris Climate Agreement 2017 and 2025
Brexit 2016
states can make exclusive decisions about determining rights
UK sets NMW and NLW even though it may deter FDI
homosexuality is still illegal in 1/3 of countries
principle of conditioned sovereignty like R2P is not followed consistently
No intervention from international community of Syria’s human rights abuses
due to Russia’s veto in the UNSC 3 times
states can no longer insulate themselves from external shocks
2008 global financial crash
powerful nations can bypass IGOs
US and UK bypassed UNSC over invasion of Iraq 2003
state sovereignty has been weakened or pooled by regional bodies
EU 1992 and the Machsritct Treaty
created the EU into a quasi-federal state
states can pulled out of agreements and maintain their sovereignty
Trump pulled out of the Paris Climate Agreement
Brexit
developed countries priorities rights and not conditions for MNCs
UK sets NMW and NLW even though higher costs could deter FDI
how developing countries have benefitted from globalisation
China is the worlds largest exporter and achieved 7.9% growth in 2021
examples of local businesses loosing out because of globalization
rice is Ghana
groundnuts in Sierra Leone
agriculture in Jamaica
globalization aids development due to countries investing in eachother
China investing in Zambia to build a port
globalisation creates ‘race to the bottom’
6 sites in Guangzhou had people working over 75 hour weeks
development banks don’t spend enough to aid development
world bank spent $117.4bn in 2024 and US defense budget was 8 times that
MDGs and SDGs aid development
World Bank met MDG1 to half world poverty
international law has moral persuasive powers
ECHR has 90% compliance rate
May changed Section 44 of the Terrorism Act
example of HR law as soft law
in 2016 Turkey suspended membership to the ECHR after military coup
political globalization encourages global cooperation
COP 29 secured $300m for low lying countries
social progress as a result of political globalisation isn’t recognized
Taliban banned education for 1.4m girls in 2021
global trade has increased access to consumer goods
45% of worlds population have phone which raises living standards
globalisation has led to an increase in inequality
2021 China’s gini coefficient was 0.466
globalisation has led to increased tensions from the Islamic World (Huntington)
Muslim Brotherhood in Egypt
how has economic integration made the world more multipolar
China controls a lot of US debt after the 2008 Financial crash
10% of Germany’s economy is connected to China
expansion of IGOs shows multipolarity
G7 expanded to the G20
countries still act in their own self-interest
collapse of the Doha Round
how many members in the EU
27 members