Podcast
Questions and Answers
What does Manfred Steger define globalization as?
What does Manfred Steger define globalization as?
- The integration of global economies through trade.
- The process of political unification among nations.
- The spread of technological advancements worldwide.
- The expansion and intensification of social relations and consciousness. (correct)
According to the definition provided by Albrow, globalization suggests we see ourselves as part of which age?
According to the definition provided by Albrow, globalization suggests we see ourselves as part of which age?
- The technological age
- The global age (correct)
- The economic age
- The information age
Which of the following is NOT one of Mittelman's three ways to describe globalization?
Which of the following is NOT one of Mittelman's three ways to describe globalization?
- Compression of time and space
- A material power in historical structure
- Factors in production intensification
- Distribution of natural resources (correct)
What aspect does Economic Globalization primarily measure?
What aspect does Economic Globalization primarily measure?
Which of the following best describes the Global Interstate System (GIS)?
Which of the following best describes the Global Interstate System (GIS)?
What does the Divine Right Theory assert about the origins of states?
What does the Divine Right Theory assert about the origins of states?
Which of the following is a measure of Political Globalization?
Which of the following is a measure of Political Globalization?
Which of the following best captures the essence of globalization as described in the content?
Which of the following best captures the essence of globalization as described in the content?
What theory suggests that the state was created through the imposition of force by a powerful leader?
What theory suggests that the state was created through the imposition of force by a powerful leader?
Which of the following is NOT considered a domain of territory under the elements of a state?
Which of the following is NOT considered a domain of territory under the elements of a state?
In which theory does the right of the people to revolt against their ruler originate?
In which theory does the right of the people to revolt against their ruler originate?
What role does the government serve within a state?
What role does the government serve within a state?
What does the term 'sovereignty' refer to in the context of a state?
What does the term 'sovereignty' refer to in the context of a state?
Which of the following gaps refers to the lack of an authority to take action on global governance issues?
Which of the following gaps refers to the lack of an authority to take action on global governance issues?
Which council within the United Nations is responsible for maintaining international peace and security?
Which council within the United Nations is responsible for maintaining international peace and security?
Economic globalization is primarily driven by which of the following factors?
Economic globalization is primarily driven by which of the following factors?
Which of the following bodies primarily assists the UN General Assembly in promoting social development?
Which of the following bodies primarily assists the UN General Assembly in promoting social development?
Which term describes the increasing interconnectivity of countries, often facilitated by technology and communication?
Which term describes the increasing interconnectivity of countries, often facilitated by technology and communication?
What type of gap illustrates the challenge of civil society’s limited involvement in international policymaking?
What type of gap illustrates the challenge of civil society’s limited involvement in international policymaking?
How does globalization impact national and local policies?
How does globalization impact national and local policies?
Which of the following best describes global governance?
Which of the following best describes global governance?
What proportion of out-of-school children is estimated to never attend school again?
What proportion of out-of-school children is estimated to never attend school again?
Which Sustainable Development Goal focuses on gender equality?
Which Sustainable Development Goal focuses on gender equality?
What is at the core of Sustainable Development Goals related to clean water?
What is at the core of Sustainable Development Goals related to clean water?
Which Sustainable Development Goal is the least focused on industrial aspects?
Which Sustainable Development Goal is the least focused on industrial aspects?
What is a significant challenge that Goal 10 aims to address?
What is a significant challenge that Goal 10 aims to address?
Which of the following Sustainable Development Goals is primarily concerned with climate action?
Which of the following Sustainable Development Goals is primarily concerned with climate action?
What societal aspect does Goal 16 focus on enhancing?
What societal aspect does Goal 16 focus on enhancing?
According to the content, what is essential for achieving Sustainable Development Goals?
According to the content, what is essential for achieving Sustainable Development Goals?
Which Sustainable Development Goal is concerned with economic growth and job creation?
Which Sustainable Development Goal is concerned with economic growth and job creation?
What percentage of global population is projected to live in urban areas by 2030?
What percentage of global population is projected to live in urban areas by 2030?
What critical natural resource issue does Goal 12 address?
What critical natural resource issue does Goal 12 address?
Which Sustainable Development Goal addresses the preservation of marine resources?
Which Sustainable Development Goal addresses the preservation of marine resources?
What is a significant barrier to sustainable development mentioned in connection with gender equality?
What is a significant barrier to sustainable development mentioned in connection with gender equality?
Which Sustainable Development Goal focuses on reducing poverty through industrialization?
Which Sustainable Development Goal focuses on reducing poverty through industrialization?
What major event marked significant political changes that led to trade liberalization and free flow of capital?
What major event marked significant political changes that led to trade liberalization and free flow of capital?
Which crisis in 1994/95 significantly challenged the optimism surrounding globalization?
Which crisis in 1994/95 significantly challenged the optimism surrounding globalization?
What was one of the primary roles of International Financial Institutions?
What was one of the primary roles of International Financial Institutions?
Which organization plays a central role in defining the global macroeconomic agenda?
Which organization plays a central role in defining the global macroeconomic agenda?
What is one of the aims of Sustainable Development Goal 1?
What is one of the aims of Sustainable Development Goal 1?
Which goal emphasizes addressing malnutrition and ensuring access to safe food?
Which goal emphasizes addressing malnutrition and ensuring access to safe food?
What was a significant contributing factor to the rise of globalization in the late 1990s?
What was a significant contributing factor to the rise of globalization in the late 1990s?
Which institution is known for providing short-term financial assistance to countries for balance of payments adjustments?
Which institution is known for providing short-term financial assistance to countries for balance of payments adjustments?
Which of the following characteristics does NOT align with the expectations of the Fourth Industrial Revolution?
Which of the following characteristics does NOT align with the expectations of the Fourth Industrial Revolution?
What has been identified as a recommendation to confront the challenges predicted during the Fourth Industrial Revolution?
What has been identified as a recommendation to confront the challenges predicted during the Fourth Industrial Revolution?
Which of the following is NOT one of the International Bank for Reconstruction and Development's aims?
Which of the following is NOT one of the International Bank for Reconstruction and Development's aims?
What does Sustainable Development Goal 3 prioritize in terms of health?
What does Sustainable Development Goal 3 prioritize in terms of health?
Which organization was instrumental in the formal entry of China into the international trading system?
Which organization was instrumental in the formal entry of China into the international trading system?
What was a major impact of the 1994/95 Mexico crisis on the global economy?
What was a major impact of the 1994/95 Mexico crisis on the global economy?
What is the primary role of multinational companies in economic globalization?
What is the primary role of multinational companies in economic globalization?
Which of the following best describes horizontal integration?
Which of the following best describes horizontal integration?
What is a significant danger of backward vertical integration?
What is a significant danger of backward vertical integration?
What distinguishes transnational companies (TNCs) from multinational companies (MNCs)?
What distinguishes transnational companies (TNCs) from multinational companies (MNCs)?
Which of the following is NOT a function of international economic organizations?
Which of the following is NOT a function of international economic organizations?
Which strategy of vertical integration focuses on acquiring suppliers?
Which strategy of vertical integration focuses on acquiring suppliers?
What is the function of global civil society in economic globalization?
What is the function of global civil society in economic globalization?
Which is a characteristic of conglomerate integration?
Which is a characteristic of conglomerate integration?
Which of the following is an example of market integration?
Which of the following is an example of market integration?
What is a key factor in the dominance of developed countries in economic globalization?
What is a key factor in the dominance of developed countries in economic globalization?
What impacts does market integration typically lead to?
What impacts does market integration typically lead to?
Which is a primary consequence of firms engaging in vertical integration?
Which is a primary consequence of firms engaging in vertical integration?
What does the term 'spillover of impacts' refer to in the context of market integration?
What does the term 'spillover of impacts' refer to in the context of market integration?
What is the main concern addressed by global advocacy networks within civil society?
What is the main concern addressed by global advocacy networks within civil society?
Hyper-Globalist defines Globalization as:
Hyper-Globalist defines Globalization as:
Hyper-Globalists view Globalization as being driven by:
Hyper-Globalists view Globalization as being driven by:
Hyper-Globalists view Globalization as resulting in:
Hyper-Globalists view Globalization as resulting in:
Hyper-Globalists view Nation-State power as:
Hyper-Globalists view Nation-State power as:
Sceptics defines Globalization as:
Sceptics defines Globalization as:
Sceptics view Globalization as being driven by:
Sceptics view Globalization as being driven by:
Sceptics view Globalization as resulting in:
Sceptics view Globalization as resulting in:
Sceptics view Nation-State power as:
Sceptics view Nation-State power as:
Transformationalists define Globalization as:
Transformationalists define Globalization as:
Transformationalists view Globalization as being driven by:
Transformationalists view Globalization as being driven by:
Transformationalists view Globalization as resulting in:
Transformationalists view Globalization as resulting in:
Transformationalists view Nation-State power as:
Transformationalists view Nation-State power as:
Roudometof's definition of Internationalism
Roudometof's definition of Internationalism
Roudometof's definition of Globalism
Roudometof's definition of Globalism
Sargent's definition of Globalism
Sargent's definition of Globalism
Sargent's definition of Internationalism
Sargent's definition of Internationalism
What is Global Governance according to Weiss (2013)?
What is Global Governance according to Weiss (2013)?
According to Various Analysts:
According to Various Analysts:
Which of the following is a measure of Social and Cultural Globalization?
Which of the following is a measure of Social and Cultural Globalization?
Which of the following best describes a State?
Which of the following best describes a State?
In which theory suggests that the state emerged from the enlargement of the family, with the authority remaining with the family?
In which theory suggests that the state emerged from the enlargement of the family, with the authority remaining with the family?
Includes not only the land over which the jurisdiction of the state extends.
Includes not only the land over which the jurisdiction of the state extends.
It pertains to the mass population permanently living within the state.
It pertains to the mass population permanently living within the state.
What are the Effects of Globalization to Governments?
What are the Effects of Globalization to Governments?
Which of the following best describes the primary function of the United Nations?
Which of the following best describes the primary function of the United Nations?
Which council within the United Nations is the main deliberative, policymaking and representative organ of the UN? Composed of all member states, where they discuss international issues and make recommendations to uphold UN principles.
Which council within the United Nations is the main deliberative, policymaking and representative organ of the UN? Composed of all member states, where they discuss international issues and make recommendations to uphold UN principles.
Which council of the United Nations assists the UN General Assembly in promoting cooperation of member states.
Which council of the United Nations assists the UN General Assembly in promoting cooperation of member states.
What type of gap illustrates the need for international cooperation and the motivation to under take it?
What type of gap illustrates the need for international cooperation and the motivation to under take it?
According to Sudgen & Wilson (2005) Economic Globalization is?
According to Sudgen & Wilson (2005) Economic Globalization is?
Which of the following best describes the role of International Economic Organizations?
Which of the following best describes the role of International Economic Organizations?
Which of the following is NOT an organization that promote regional agreements and standards that facilitates better trade?
Which of the following is NOT an organization that promote regional agreements and standards that facilitates better trade?
Which of the following is NOT a critical organization in developing and pushing for neoliberal policies among different countries, and also in facilitating trade and development among states?
Which of the following is NOT a critical organization in developing and pushing for neoliberal policies among different countries, and also in facilitating trade and development among states?
Which of the following best distinguishes Multinational Corporations (MNCs) from Transnational Corporations (TNCs)?
Which of the following best distinguishes Multinational Corporations (MNCs) from Transnational Corporations (TNCs)?
Which of the following best describes the significance of Central Banks?
Which of the following best describes the significance of Central Banks?
Which of the following is the primary motivation for a company to pursue a vertical integration strategy?
Which of the following is the primary motivation for a company to pursue a vertical integration strategy?
Which of the following best describes Forward Vertical Integration?
Which of the following best describes Forward Vertical Integration?
The most significant contribution of International Financial Institutions
The most significant contribution of International Financial Institutions
Flashcards
Globalization
Globalization
The expansion and intensification of social relations and consciousness across time and space.
Globalization as a Process
Globalization as a Process
A process where an increasing flow of ideas, goods, services, technology, and capital leads to interconnected economies and societies.
Globalization as a Complex Phenomenon
Globalization as a Complex Phenomenon
Globalization is a complex and multi-faceted phenomenon that involves intensified production, compression of time & space, and the influence of global powers.
Globalization's Impact on Perspectives
Globalization's Impact on Perspectives
Signup and view all the flashcards
Economic Globalization
Economic Globalization
Signup and view all the flashcards
Social and Cultural Globalization
Social and Cultural Globalization
Signup and view all the flashcards
Political Globalization
Political Globalization
Signup and view all the flashcards
Global Interstate System (GIS)
Global Interstate System (GIS)
Signup and view all the flashcards
Necessity or Force Theory
Necessity or Force Theory
Signup and view all the flashcards
Paternalistic Theory
Paternalistic Theory
Signup and view all the flashcards
Social Contract Theory
Social Contract Theory
Signup and view all the flashcards
Territory
Territory
Signup and view all the flashcards
People
People
Signup and view all the flashcards
Government
Government
Signup and view all the flashcards
Sovereignty
Sovereignty
Signup and view all the flashcards
Globalized Policies
Globalized Policies
Signup and view all the flashcards
International Agreements
International Agreements
Signup and view all the flashcards
Global Governance
Global Governance
Signup and view all the flashcards
United Nations
United Nations
Signup and view all the flashcards
UN General Assembly
UN General Assembly
Signup and view all the flashcards
UN Security Council
UN Security Council
Signup and view all the flashcards
Jurisdictional Gap
Jurisdictional Gap
Signup and view all the flashcards
Neoliberalism
Neoliberalism
Signup and view all the flashcards
International Economic Organizations
International Economic Organizations
Signup and view all the flashcards
Multinational Companies (MNCs)
Multinational Companies (MNCs)
Signup and view all the flashcards
Transnational Companies (TNCs)
Transnational Companies (TNCs)
Signup and view all the flashcards
Central Banks
Central Banks
Signup and view all the flashcards
Global Civil Society
Global Civil Society
Signup and view all the flashcards
Transnational Advocacy Networks (TANs)
Transnational Advocacy Networks (TANs)
Signup and view all the flashcards
Market Integration
Market Integration
Signup and view all the flashcards
Horizontal Integration
Horizontal Integration
Signup and view all the flashcards
Vertical Integration
Vertical Integration
Signup and view all the flashcards
Backward Vertical Integration
Backward Vertical Integration
Signup and view all the flashcards
Forward Vertical Integration
Forward Vertical Integration
Signup and view all the flashcards
Conglomerate Integration
Conglomerate Integration
Signup and view all the flashcards
First Period of Globalization
First Period of Globalization
Signup and view all the flashcards
SDGs
SDGs
Signup and view all the flashcards
SDG 5: Gender Equality
SDG 5: Gender Equality
Signup and view all the flashcards
SDG 6: Clean Water and Sanitation
SDG 6: Clean Water and Sanitation
Signup and view all the flashcards
SDG 7: Affordable and Clean Energy
SDG 7: Affordable and Clean Energy
Signup and view all the flashcards
SDG 8: Decent Work and Economic Growth
SDG 8: Decent Work and Economic Growth
Signup and view all the flashcards
SDG 9: Industry, Innovation, and Infrastructure
SDG 9: Industry, Innovation, and Infrastructure
Signup and view all the flashcards
SDG 10: Reduced Inequalities
SDG 10: Reduced Inequalities
Signup and view all the flashcards
SDG 11: Sustainable Cities and Communities
SDG 11: Sustainable Cities and Communities
Signup and view all the flashcards
SDG 12: Responsible Consumption and Production
SDG 12: Responsible Consumption and Production
Signup and view all the flashcards
SDG 13: Climate Action
SDG 13: Climate Action
Signup and view all the flashcards
SDG 14: Life Below Water
SDG 14: Life Below Water
Signup and view all the flashcards
SDG 15: Life on Land
SDG 15: Life on Land
Signup and view all the flashcards
SDG 16: Peace, Justice, and Strong Institutions
SDG 16: Peace, Justice, and Strong Institutions
Signup and view all the flashcards
SDG 17: Partnerships for the Goals
SDG 17: Partnerships for the Goals
Signup and view all the flashcards
The First Wave of Globalization
The First Wave of Globalization
Signup and view all the flashcards
The Second Wave of Globalization
The Second Wave of Globalization
Signup and view all the flashcards
The Third Wave of Globalization
The Third Wave of Globalization
Signup and view all the flashcards
International Financial Institutions (IFIs)
International Financial Institutions (IFIs)
Signup and view all the flashcards
International Monetary Fund (IMF)
International Monetary Fund (IMF)
Signup and view all the flashcards
World Bank
World Bank
Signup and view all the flashcards
World Trade Organization (WTO)
World Trade Organization (WTO)
Signup and view all the flashcards
Sustainable Development Goals (SDGs)
Sustainable Development Goals (SDGs)
Signup and view all the flashcards
SDG 1: No Poverty
SDG 1: No Poverty
Signup and view all the flashcards
SDG 2: Zero Hunger
SDG 2: Zero Hunger
Signup and view all the flashcards
SDG 3: Good Health and Well-being
SDG 3: Good Health and Well-being
Signup and view all the flashcards
SDG 4: Quality Education
SDG 4: Quality Education
Signup and view all the flashcards
Study Notes
Globalization
- Globalization is the expansion and intensification of social relations across world-time and world-space. (Steger, 2014)
- Globalization's omnipresence makes us aware of the "global age." (Albrow, 1996)
- Globalization integrates economics and societies at an unprecedented speed. (Danug & Campanilla, 2004)
- Globalization is a complex, multifaceted phenomenon. (Mittelman, 2006)
- Factors intensify production.
- Time and space compress.
- It's a material power in historical structure.
- Globalization broadens perspectives, connecting and making countries interdependent through capital, goods, and services exchange.
Global Interstate System
- The Global Interstate System (GIS) is an organized institution governing international relations for mutual benefit. (Chase-Dunn, 1981)
- The GIS addresses regional and global issues beyond national borders.
State
- A state is a community of people residing in a defined territory, with a governing body they obey and independence from external control.
- Origins of States:
- Divine Right Theory: God creates the state and chooses rulers.
- Necessity/Force Theory: States emerge through force exerted by powerful individuals.
- Paternalistic Theory: States develop from expanded families under a leader.
- Social Contract Theory: States are formed through agreement among people for common good, justifying revolt against oppressive rulers.
- Elements of State:
- Territory: Includes land, inland waters, seas, and airspace.
- People: Permanent residents, ideally not nomadic, sufficient in size for self-governance.
- Government: Machinery for formulating, determining, and enacting policies (with the inherent powers of the state).
- Sovereignty: Supreme authority to enforce laws on citizens.
Effects of Globalization on Governments
- Local and national policies consider international and global realities.
- International agreements target borderless challenges.
- Globalization creates job opportunities through investors.
- Globalization can displace workers due to industry changes.
- Globalization can lead to income disparity between urban and rural areas.
Globalism and Internationalism
- Globalism and internationalism are often used interchangeably to describe increased connectivity through communications, transport, and technology. (Roudometof, 2005)
Global Governance
- Global governance manages global processes without a global government. (Weiss, 2013)
- Global governance enables us to understand how world is governed, by recognizing patterns of change, as a tool to govern and solve issues.
United Nations
- The UN is a major non-state actor and international governmental organization (IGO).
- The UN promotes enforcement of international law, security, human rights, economic development, and social progress.
- It's a large voluntary corporate responsibility initiative involving companies, agencies, unions, and civil society to promote environmental protection, human rights, and social principles.
- UN General Assembly: Main decision-making, representative body.
- UN Security Council: Authorizes military deployment, mandates ceasefires, and enforces penalties.
- International Court of Justice: Settles legal disputes between states and provides legal opinions.
- Economic and Social Council: Assists the General Assembly in promoting economic and social development.
- Secretariat: Provides studies, information, and data for UN meetings, headed by the Secretary-General.
- Gaps in Global Governance:
- Jurisdictional Gap: Lack of authority capable of action in areas like global health.
- Incentive Gap: Difficulty motivating international cooperation, though this is mitigated by increasing globalization.
- Participation Gap: Primarily government-focused cooperation, but the globalization of communication facilitates global civil society movements.
Global Economy and Market Integration
- Economic Globalization: Expansion of national economies driven by technology and institutions facilitating goods and capital flow.
- Economic globalization focuses on increasing economic relations among countries.
- Driven by Neoliberal principles, with the market as the central economic driver with less government intervention (Martin, Schumann & Camiller, 1997).
- Globalization results in global industry restructuring—developed countries hold a dominant position. (Shangquan, 2000)
- Actors of Economic Globalization:
- International Economic Organizations (IEOs): G8, G20, ASEAN, NAFTA, IMF, World Bank, OECD. Promote trade agreements, knowledge transfers, and cooperation.
- Multinational/Transnational Companies (MNCs/TNCs): Centralized/decentralized companies driving global business.
- Central Banks: Powerful economic actors, influencing national and global economies.
- Global Civil Society: Individuals or groups opposing negative effects of globalization, advocating policies and advocating for alternative world order.
Market Integration
- Market Integration: Economies become more interconnected—commodity flows.
- Types of Market Integration:
- Horizontal Integration: Merging companies in the same industry to increase scale, market power, and product differentiation.
- Vertical Integration: Gaining control of different stages in the production process (e.g., suppliers or buyers).
- Backward Vertical Integration: Acquiring suppliers.
- Forward Vertical Integration: Acquiring buyers.
- Conglomerate Integration: Merging unrelated businesses for product/market diversification
History of Global Economy
- Early Globalization (Pre-1914): Large trade, capital, and immigration flows, but limited institutional structure.
- Mid-20th Century to 1990s: Modern international economic architecture develops, along with MNC expansion and improved communications.
- Late 1990s to Today: Further market integration, internet development, WTO formation.
- Challenges and Concerns: 1994/95 Mexico crisis, global debt crises, political unrest, affecting the global market and diplomacy.
Role of Financial Institutions and Global Corporations
- International Financial Institutions (IFIs): Institutions that support a country's development via local/grants and technical knowledge.
- IMF: Improves international monetary cooperation, exchange stability, economic growth.
- World Bank: Oversees economic policy and public institution reforms in developing nations.
- World Bank Composition: IBRD, IDA, IFC, MIGA, ICSID
Sustainable Development Goals
-
The 2030 Agenda for Sustainable Development sets 17 goals for peace and prosperity, including ending poverty, improving health and education, reducing inequality, fostering economic growth, addressing climate change, and preserving the planet. (adopted by all UN member states in 2015).
-
(Goal 1: No Poverty)-Ending poverty, providing social protection, and ensuring basic services.
-
(Goal 2: Zero Hunger)-Ending hunger by 2030.
-
(Goal 3: Good Health and Well-being)-Ensuring good health, aiming for universal access to quality healthcare and medicine.
-
(Goal 4: Quality Education)- Improving and ensuring education.
-
(Goal 5: Gender Equality)- Ensuring equality of opportunities for women.
-
(Goal 6: Clean Water and Sanitation)-Addressing water and sanitation issues.
-
(Goal 7: Affordable and Clean Energy)- Providing access to affordable and clean energy.
-
(Goal 8: Decent Work and Economic Growth)- Supporting economic growth.
-
(Goal 9: Industry, Innovation and Infrastructure)- Investing in infrastructure, encouraging industrialization and innovation.
-
(Goal 10: Reduced Inequalities)-Reducing inequality among individuals, groups and countries.
-
(Goal 11: Sustainable Cities and Communities)- Ensuring urban planning strategies.
-
(Goal 12: Responsible Consumption and Production)-Sustainable production to reduce natural resources consumption.
-
(Goal 13: Climate Action)- Urgent action to combatting climate change.
-
(Goal 14: Life Below Water)- Protecting oceans and marine resources.
-
(Goal 15: Life on Land)- Promoting sustainable use of land resources.
-
(Goal 16: Peace, Justice and Strong Institutions)-Strengthening peace and justice institutions and improving governance.
-
(Goal 17: Partnerships)- Revitalized global partnership to achieve the goals with support for developing countries.
Indigenous Peoples’ Studies
- (Refer to shared materials.)
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz explores the concepts of globalization, its impact on societies, and the Global Interstate System (GIS) that governs international relations. Learn how these ideas shape our understanding of global interdependence and the complexities of state governance. Test your knowledge on these essential topics that define the global age.