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Globalization
A planetary process or a set of processes involving increasing liquidity and the growing multidirectional flows of people, objects, places and information as well as the structures they encounter and create barriers to, or expedite, those flaws.
an example of a result of increasing global flows
Brexit
Transnationalism
processes that interconnect individuals and social groups across specific geo-political borders
transnationoality
the rise of new communities and formations of new social identities and relations that cannot be defined through the traditional reference point of nation states.
globality
omnipresence of the process of globalization
flows
the movement of people, things, and places due, in part, to the increasing porosity of global barriers.
microstructures
terrorist organizations—light compared to heavy bureaucratic systems
example of how we have moved from “heavy” to “light”
A shift from vinyl records to listening to music on a phone
economic globalization
the global capitalist system has produced an uneven playing fueld
what is an example of a major point where movement is blocked
borders
what does friction do to flows
it keeps them moving and even speed them up as well as slow them down
what is imperialism
a broad concept that describes various methods employed by one country to gain control of another country and then to exercise that control over it and perhaps many others
what can empire and the process of imperialism be associated with
rulership over vast geographic spaces and the people who lived there over time
what is colonialism
generally involves settlers, as well as much more formal mechanisms of political control than those of imperialism
what defines imperialism vs colonialism
imperialism: defined by economic control
Colonialism: about political control
what is decolonization
the process of revealing and dismantling colonialist power in all its forms. this includes dismantling the hidden aspects of those institutional and cultural forces that have maintained the colonialist power and that remain even after political independence is achieved
what is post colonialisn
developments that take place in a former colony after the colonizing power departs
what is development
a project that predated globalization, developed countries want underdeveloped countries to depend on them for development
what is import subtitution
encouraging countries to develop their own industries instead of producing for export and relying on imports
what is foreign direct investment
investment by a firm in one-nation state in a firm in another nation-state with the intention of controlling it.
what was the issue with development aid
helpful in the short term but made it so that the countries could not grow and produce their own food. leading to a greater food dependency
what is the dependancy theory
the idea that the development of the nation-states of teh south contributed to a decline in their independence and to an increase in their dependence on the North
what did capitalism contribute to
development in developed nations and underdevelopment in less developed nations
what is the world system theory
the idea that the world is divided mainly between the core an the periphery, with the latter dependant on the former
what was the concern with Americanization
american dominance globally in the realm of consumption
what is neoliberalism
liberal commitment to individual liberty combined with a belief in the free market and opposition to state intervention on it
what was a key development of neoliberalism
the marxist president in chile
the chicago boys say the oppertunity to implement neoliberal ideas when the president was replaced in a coup
what is structural adjustment
conditions of economic restructuring imposed by organizations such as the world bank and the IMF on borrowing nation-states
what spurred progress during the earlier epoch of globalization
developments such as the railroad system and steam ship
what did global economic development depend on
large scale flows of capital
what are remittances
transactions by which migrants send money back to their country of origin
what was the issue with the global economy of a century ago
not equally good for everyone and was bad for many
what were the Bretton woods systems 5 key elements
each participating state would establish a par value for its currency expressed in terms of gold or in terms of gold value of the US dollar
the official monetary authority in each country would agree to exchange its own currency for those of other countries at the established exchange rate
the IMF was created to establish, stabilize and oversee exchange rates
the member states agreed to eliminate all restrictions on the use of its currency for international trade
the entire system was based on the US dollar
who took centre stage in terms of world order
the International Monetary fund (IMF)
what did the Bretton woods system help with
made exchange rates stable enough to encourage international trade and investment
what problems did social welfare programs want to deal with
recession, layoffs, reduction in wages, bankruptcies of uncompetitive firms
what is the general agreement on tariffs and trade (GATT)
a system for the liberalization of teh trade that came into existence in 1947, growing out of Bretton woods
what was WTO
an independent organization
what does intellectual property rights involve (IRPs)
intangible ideas, knowledge and expressions that require their use to be approved by their owner
what are trade related investment measures
a WTO agreement on the trade measures governments can impose on foreign firms
what is the WTOs focus
trade places it at the heart of economic globalization and has made it a magnet for those opposed either to the broader process of trade liberalization and promotion or to some specific aspect of WTO operations
what do the WTO operations continue to be premised on
the neoliberal idea that all nations benefit from free and open trade, and the organization is dedicated to reducing barriers to such trade
what is the International monetary fund (IMF)
goal is to promote macroeconomic stability for both its member nations and the global economy
what do critics see in the IMF
supporting developed countries and their efforts to impose their policies on less developed countries
what do supporters see in the IMF
key to the emergence and further development of the global economy
what is austerity
economic policies that cut government spending to reduce public debt
what does the world bank do
provides funds to governments guaranteed programs in part 2 countries (member states that are middle-income or creditworthy poorer nations)
what are some issues with the world bank
seen as dominated by rich developed nations
concerns that the bank serves certain interests
the bank had long neglected agriculture in sub-saharan Africa
what is a Multinational corporation (MNC)
a corporation that operates in more than 2 countries
what led to the establishment of the Bretton woods system
fears of another depression after WWII
what was the main focus of the world bank
developing physical infrastructure in middle-income nations
what mechanisms can MNCs employ
greenfield investments, mergers, acquisitions, and strategic collaborations
what started sovereign states in Europe
Westphalia
what is a nation
a social group that is linked through common descent, culture, language, or territorial contiguity
what is national identity
the fluid and dynamic form of collective identity, founded upon a community’s subjective belief that the members of the community share a set of characteristics that make them different from other groups
what is nationalism
a doctrine and/or political movement that seeks to make the nation the basis of a political structure, especially a state
what is the state
emerged as a new institutional form in the wake of the demise of the duedal system
what is a nation state
the integration of sub-groups that define themselves as a nation with the organizational structure of the state
what is a threat to the nation-state
it is threatened by the global economy and global economic flows
what is a failed state
where there is no functioning national government
what is liquid sovereignty
the detachment of the political authority to rule or self-rule a people from the nation state and its provisional flow to other local and/or transnational communities
what are major sources of collective insecurity
terrorism
economic globalization, leading to the problems such as outsourcing and pressures toward downsizing
threats to national identity due to immigration
the spread of global diseases
what are 4 characteristics of an imagined community
it is impossible in all but the smallest communities to have face-to-face contact with more than a few of one’s peers
it is imagined to be limited, because even the largest of them, encompassing perhaps a billion living human beings, has finite, if elastic, boundaries, beyond lie another nation
it is imagined to be sovereign; that is, as being free
it is imagined to be a community, because regardless of the actual inequality and exploitation that may prevail in each, the nation is always conceived as a deep, horizontal comradeship
what is the difference between globalization and geopolitics
globalization: involves the free flows, especially of an economic nature
geopolitics: involves largely political and military efforts aimed at gaining control over these flows
what was an economic issue with brexit
the UK was a top three economy in the EU and losing it means a significant loss in terms of revenue, GDP, and trade within the union
why is China a geopolitical actor
it surpassed the US as the worlds largest trading nation and has had a rise as a scientific superpower
what is the general assembly
the UNs main deliberative body
what is the security council
responsible for the maintenance of the international peace and security
what are the 4 broad issues that the UN is concerned with
military
economic
environmental
human protection
largest contributer to the UN
the US and the US has more power and budget
UN conference on trade and development (UNCTAD)
to improve economic situation of less developed nations and improve their relationships with developed nations
united nations educational, scientific, and cultural organization (UNESCO)
focus is in the areas of education, the natural and social sciences, and culture
governance
formal and informal rules and institutions that elicit compliance toward collective goals
what are the three forms of global governance
governance through multistakeholder initiatives
involves the creation of voluntary regulations
transnational arbitration bodies, where governance has been accorded to courts and lawyers, but their authority is not based on international law
what is being demanded more as a result of the declining power of nation states
global governance
what is civil society
a process through which individuals negotiate, argue, struggle against, or agree with one another and those in authority
what is a counterbalance and alternative to nation state and economic market
civil society
what is global civil society
a global, non-governmental, pluralistic form of society composed of interlinked social processes oriented in civility
what could civil society not survive without
the market
international non-governmental organizations (INGOS)
international not-for-profit organizations that perform public functions but are not established or run by nation-states
characteristics that make INGOS invaluable in the global arena
they are often grassroots organizations, therefore much more in touch with the needs and interests of their membership than larger organizations associated with nation-states or the international community
more effective in achieving their goals in other types of organizations
are very good at garnering media attention in efforts to force more formal organizations into action
negative sides to the growth of INGOS
they may not take into consideration wider sets of concerns or issues, they often keep their agendas secret, adn are elitist and seek to impose inappropriate universal plans on local organizations or settings
Intergovernmental organizations (IGOs)
organizations such as the UN that are international in scope
what are the three stages in which the world is evolving
bipolar (cold war)
unipolar (the ascendancy of the US)
Tripolar (the US, EU, and China as the three centres of power)
international migrant
someone who lives in a country where they were not born and to which they have important social ties
migrants alone drive what is some high income countries
population growth
restrictions on migration have not been
liberalized
main driving force behind Brexit
fear of immigration
refugees
those forced to leave their homeland, or who leave involuntarily because they fear for their safety
why are undocumented migrants in US afraid
la migra is always after them and they cannot trust anyone
liquid migration
migration that is predominantly work- and study- driven and is envisioned as temporary and unpredictable
what is an issue with remittances
they can create a drain on the economy of the home country
diaspora
the large scale dispersal of a population
diaspora involves
a social form
a type of conciousness
a mode of cultural production
it is political
diaspora is being used to describe whay communitites
migrant communities
minority group
a group of people in a subordinate position in terms of wealth, power, and/or prestige
a majority group
a group of people in a superordinate position in terms of wealth, power, and/or prestige
conflict between majority and minority
majority want to maintain and enhance their privileged position while minority groups want to improve theirs at times this leads to conflict
race
a social group defined on the basis of real or presume physical, biological, or phenotypical characteristics
ethnic group
a social group defined on the basis of some cultural characteristics