What is some issues associated with Interdependence?
Unequal power relations
Economic vulnerability
Environmental degradation
Cultural homogenisation
Inequality
Inequality
Supply chain vulnerability
Loss of sovereignty
Spread of global risks
What is unequal power relations as an issues associated with Interdependence?
Interdependence is asymmetrical where:
HICs dominate decision making in institutions like UN, IMF, WB, creating dependency in global institutions where everything relies on them but can only process if HIC agree to a decision
What is economic vulnerability as an issues associated with Interdependence?
Global linkages mean crises spread rapidly (E.G. 2008 Financial Crisis) increasing a domino effect risk across the world.
What is environmental degradation as an issues associated with Interdependence?
Outsourcing production to LICs increases emissions and pollution 》 creating uneven environmental costs/damage.
LICs 》more damaged
What is cultural homogenisation as an issues associated with Interdependence?
Global media & TNCs spread dominant (Often western) cultures, reducing local diversity
What is inequality as an issues associated with Interdependence?
Benefits of interdependence are uneven (Often only benefitting HICs)
》 widening gpas within and between countries
What is supply chain vulnerability as an issues associated with Interdependence?
Interconnected productions systems are easily disrupted by shocks
What is loss of sovereignty as an issues associated with Interdependence?
Government have reduced control due to reliance on global markets, trade agreement and TNCs
How is spread of global risks an issues associated with Interdependence?
Faster movement of people and goods increases spread if diseases and security threats.