controlled disproportionately by Western superpowers and promote free trade/capitalism. WORLD BANK, IMF, WTO, WEF
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WORLD BANK
1944. lends money to developing countries. money originated from developed countries who pay a fee.
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IMF
1945. promotes global economic stability. aids economies to open up to world trade and investment.
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WTO
1995. works to remove barriers to international trade. negotiated a sequence of global free trade agreements that have gradually removed taxes, tariffs and quotas
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WEF
1971. Swiss non profit organisation. forum for discussion between businesses, politicians and IGOs. pro-free trade and pro-TNCs.
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TNCS
key drivers of the Western capitalist economic systems, economic and cultural globalisation. WALMART- worlds biggest TNC- revenue around $500billion in 2015. spread culture though ideas and soft power. partially responsible for global shift-offshorin
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PATENTS
a way for companies to protect and profit over their ideas and designs/intellectual property.
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WESTERNISATION
the adoption of western culture and behaviours. these include: diets high ini sugar and fat. leisure holidays. films and music. capitalism. human rights. smaller family units. ALL 10 OF TOP 10 GLOBAL BRANDS ORIGINATE IN THE USA (2016)
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SUPERPOWERS AND GLOBAL ACTION
have the ability to act globally- esp USA- intervene in war/conflict, crisis response eg natural disasters, responding to terrorism, responding to longer term threats such as climate change. less responsibility for emerging superpowers- status?
1945. 193 countries. Security Council makes decisions on military action/economic sanctions- USA, France, UK, Russia, China. Court of Justice, Climate Change, Peacekeeping - increase geopolitical stability.
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THE RISE OF THE MIDDLE CLASS
led to a growth in consumerism-income-stuff-pressure on resources-shortages. led to obesity, lack of productivity, smaller families. bigger houses, holidays. - environmental problems
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Other cards in this set
Card 2
Front
WORLD BANK
Back
1944. lends money to developing countries. money originated from developed countries who pay a fee.
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