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T6 - Superpowers
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IGOS - IMF
key influence on global economic system
aims to stabilise global currencies
loans for devleoping countries to reduce poverty
IGOS - IMF - SAP
enforces structural adjustment programs in return for loans
ensures promotion of capitalism
may require country to cut public services and privatise states industries
many countries see the IMF as a last resort
argue SAPs and loans from IMF result in worse poverty
can become trapped in a debt cycle
structural adjustment programs
IMF is a global IGO
8 countries control 47% pf total votes = superpowers
through control of the IMF - superpowers have large influence over economic system
reports off countries being loaned money by china to meet conditions for further loans from IMF
growing influence of china
IGOS - world bank
supports capitalism
loans for developing countries and finances following natural disaster/humaitariran emergencies
aims to reduce poverty and achieve sustainability
IGOS - world bank - sustainability
ability to meet needs of current generation without compromising ability of future generations to meet their own needs
goals for 2030
end extreme poverty - % living on less than $1.9 a day less than 3%
promote shared prosperity - bottom 40% income of each country inc.
IGOS - WEF
world economic forum
works with businesses and government
swiss non-profit
promotes public-private cooperation
want to bring together businesses, govs. and other member software society top improve the world
discusses wider issues like corruption and terrorism
IGOS - WTO
focuses on trade and rules of trade
ensures capitalism thrives and trad his free
allows market to act independently of gov. involvement
negotiates free trade agreements
164 member - ¾ are developing
IGOS - WTO - global trade
explosion of global trade since 1950 - argued to be WTO success
some argue its the result of gbsn - not WTO
global influence of TNCs - historic
historically material influence on gbsn
colonial era - east india company ran most of Indias global trade (british company)
dutch east india company - managed Netherlands trade
global influence of TNCs - cuisine
growth of TNCs as global players is more recent
important in global economy - encourage cultural gbsn with products
e.g. mcdoanlds in 119 countries
e.g. subway - 600 stores in both india and russia
speed western culture - use glocalisation to meet local demand
global influence of TNCs - multimedia
Kim kardashian - 110 million followers in 2018 - 2% from brazil
social media has led to the global transmission of culture
disney, netflix, Amazon - trasnmit culture internationally
TNCs - technology - patents
granted to a company
mean the company exclusively owns the idea and concept of a product for a period of time
any technology or process can be registered, must pay royalty to the company that owns the patent
rules are part of the TRIPS agreement - 1995
TNCs - technology - training
apple outsourced iPhone production to Foxconn in china
needed to train workers - inc. number of workers with specific skillset
can speed skills through country and start businesses
TNCs - technology - shifting balance of power
TNCs - have money to research and develop new technologies
charge other comapnies/govs to use the technology
cements them in a position of power
TNCs becoming more international
superpowers and global action - environment
role in decision making for climate cha age
major superpowers are major ghg emitters - pressure to act
2017 - Donald trump withdrew from 2015 Paris agreement
superpowers and global action - global police
superpowers act as global police - responding to global conflict
e.g. Afghanistan, us became involved after 9/11
some believe un failed to intervene in Srebrenica massacre - thousands killed
superpowers and global action - humanitarian crises
superpowers support nations hit by natural disasters
developing nations often lack fund to help themselves
since 2010 earthquake - USA given $5,1 billion in aid
supported disaster relief and reconstruction
164 new clinics in Haiti - immunised 72,000 children
military alliance - NATO
North Atlantic treaty organisation
formed 1949 at start of Cold War
principle that attack on one is an attack on all
20,000 personnel
military alliance - NATO - criteria
must spend 2% of GDP on defence
USA spends 3.5% of GDP
median spend was only 1,3% in 2017
military alliance - NATO - influence
influence diminished after end of Cold War
did fe international operations
russia annexing of Crimea - gave NATO new purpose
future of NATO is uncertain
trump declared the alliance was ono longer relevant - threatened ti withdraw
asked all members to meet 2% spending agreement
economic alliance - NAFTA
doesnt seek to move towards political union - no free movement of people
trump called for NAFTA renegotiation in 2018
believes NAFTA has wiped up manufacturing jibe in US - companies moved to Mexico
meant goods are cheaper for US consumers
economic alliance - EU
began as free trade agreement
worked towards increasing political union
countries allow free movement of people
uk voted to leave in 2016 - uncertain if others will follow
military alliance - ANZUS
australia, New Zealand, United States treaty
set up to cooperate on military matters and stop spread of communism
2017 - US and australia joint training
2011 - Obama announced us focus would pivot to asia
environmental alliance - IPCC
intergovernmental panel on climate change, set up by UN
global scientist meet every 5 years ]
produce reposfrt about latest CC research
represent 120 countries
the UN - climate change conferences
aim to make progress in tackling climate change with annual conferences
try to establish legally binding agreements with developed countries to reduce emissions
2015 paris agreement
the UN - security council
responsible for preventing conflict and keeping peace
5 permanent members - have more influence
can veto any decision made by the council
10 other members
used by nations to defend their own interest
russia vetos any threat of action against its own influence and status
decides when and where peacekeeping should be deployed
the UN - International court of justice
based in the Netherlands
sorts disputes between UN member counties
not for individual companies/people
15 judges - represent different global regions
the UN - peacekeeping missions
14 missions currently in place e
including, Haiti, DRC, middle east
helps countries torn by conflict to create lasting peace
the UN human rights interventions - war crimes trials
ICC - International criminal court
tries individual for crimes like genocide
trails are very slow
e.g. serbian man accused of Srebrenica massacre in 1995 - trail took 8 years
the UN human rights interventions - sanctions
designed to force countries to change policies - enforce economic or social pain
economic = restrictions on trade (iran when developing nuclear capabilities)
cultural = e.g. refusing to let countries participate in sporting fixtures
success of sanctions alone to create change is limited
the UN human rights interventions - troops
supplied by member states - wear blue helmets
peacekeeping role - cant engage in military action unless in self defence
srebrenica massacre - UN troops failed to help muslim group - were then slaughtered
the UN human rights interventions - emergency relief
UN high commissioner for refugees - organises refugee camps in conflict zones
e.g. camp in Jordan to shelter refugees from Syrian civil war
aims to protect refugees and vulnerable people
superpowers and environment - plastic waste