globalisation 3.1: increasing globalisation
how has the development of crypto led to increased globalisation and time-space compression recently?
El Salvador have made bitcoin legal tender, using lightning network to settle international remittances instantly, for people without bank accounts -> swifter transfer bypassing western, traditional intermediary banks
also useful for western superpowers/economic systems being challenged
globalisation 3.2: tradeblocks
how does political decision has an influence on globalisation: ASEAN digital economy framework agreement (DEFA)
also useful for western superpowers/economic systems being challenged
3.3 switched off/detached from globalisation
explain why Chad is switched off from globalisation?
physical and environmental reasons - not by choice!!
3.3 switched off/detached from globalisation
North Korea
they could integrate if they wanted to!!
3.4 impacts of the global shift
Vietnam - becoming the new high tech workshop of SE Asia
3.5 impacts of the flows of people
elite remote workers
3.6 cultural diffusion
influences from the global south have been growing - cultural hybridisation - counters westernisation/americanisation
3.7 inequalities between countries
gaps between nations vs gaps within nations
double edged sword
3.8 political and social tensions
some countries are transitioning to national sentiments and domestic markets
3.9 managing impacts of globalisation
ethical consumption
7.1 - facets of geopolitical power
hard power from the US (economic and military pillar)
7.1 facets of geopolitical power
soft power - education
7.1 facets of power
smart power - combined approach in Saudi Arabi
7.2- patterns of power
colonial to neocolonial control, China’s global south power
7.3 - growth of emerging countries
growing role of BRICs+?
7.4 - global economic influence of superpowers
shift away from the unipolar financial system dominated by the US$
7.5 - global action, crisis and conflict response of superpowers
emerging powers are increasingly influential in global action
7.6 - superpower impacts on physical environment are disproportionate
different nations trying to position themselves as a climate leader
7.7 - contested spheres of influence
Arctic
7.7 contested spheres of influence
south china sea
7.8 - relationship between superpowers and the developing world
superpowers not only trading with developing countries but also actively shaping internal politics - USA and CHina
7.8 - relationship between superpowers and the developing world
China’s long term soft power in Africa
7.9 - future patterns of power
challenges faced by current superpowers