Critique of globalisation
- Created by: steloah1
- Created on: 05-05-22 21:48
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- Globalisation critique
- Benefits
- Growth
- global trade allows countries to profits from their natural resources and specialist industries, generating wealth.
- the DRC (in central africa) accounts for 2/3 of the world's cobalt
- Still suffers from poverty
- the DRC (in central africa) accounts for 2/3 of the world's cobalt
- Greater access to money and products improves peoples standard of living
- GDP per person in China increased by 25.9x in from 1985 to 2014
- global trade allows countries to profits from their natural resources and specialist industries, generating wealth.
- Development
- Foreign dierct investment brings capital into a country
- Attract further trade and investment, which leads to further development
- Foreign direct investment (FDI) inflows to developing countries in Asia rose by 3.9% to US$512 billion in 2018, according to UNCTAD’s World Investment Report 2019
- the Association of Southeast Asian Nations recieved 39% of global inflows in 2018
- Foreign direct investment (FDI) inflows to developing countries in Asia rose by 3.9% to US$512 billion in 2018, according to UNCTAD’s World Investment Report 2019
- tiger countries
- Attract further trade and investment, which leads to further development
- Foreign dierct investment brings capital into a country
- Integration
- Allows countries to pool their resources to solve global issues
- The Paris Agreement is a legally binding international treaty on climate change. It was adopted by 196 Parties at COP 21 in Paris in 2015
- Greater integration of information and people creates a better understanding between people of different backgrounds and cultures
- Leads to cultural homogenity
- offset by 'glocalisation'
- Leads to cultural homogenity
- Allows countries to pool their resources to solve global issues
- Stability
- As countries become more interconnected they also become more dependent on one another
- This discourages any actions that would disrupt global stability, because of the negative consequence on all countries
- 2008-09 financial crisis triggered by the collapse of lending in the US sub-prime housing market
- As countries become more interconnected they also become more dependent on one another
- Growth
- Costs
- inequalities
- Out-sourcing moves employment from HIC's to Lics, leading to stuctural unemployment in which skills are no longer useful for the local economy
- Developed countries have greater access to capital and technology
- Injustice
- Improved transport and communication systems have made human trafficking easier.
- Slave labour
- Conflict
- Cyber warfare is a new source of conlict as countries are now dependen on the internet
- Environmental impact
- Increased requirement of transportation = more pollution and greenhouse gas emissions
- deforestation and overfishing
- The Amazon Basin has lost 17% of its primary rainforest in the last 50 years – largely due to clearance for cattle ranching
- race to the bottom - countries and companies ignore environmental impacts to produce cheaper goods.
- The abundance of cheap products = waste = landfill.
- inequalities
- Benefits
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