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    Master this deck with 22 terms through effective study methods.

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    Created by @studyhyde45

    What is globalisation?

    It creates worldwide interconnectedness through various flows.

    How does globalisation affect state sovereignty?

    It can erode state capacity while enhancing some functions.

    What are the four flows associated with globalisation?

    Ideas, capital, commodities, and people.

    What is a consequence of globalisation for local economies?

    It can lead to job losses for local shopkeepers.

    How does technology contribute to globalisation?

    It facilitates faster movement of ideas and goods.

    What is economic globalisation?

    It involves increased economic flows among countries.

    What can be a negative consequence of globalisation?

    It may lead to increased inequality among societies.

    How does globalisation impact cultural aspects?

    It can lead to cultural homogenization or conflict.

    What role do multinational companies play in globalisation?

    They can reduce state decision-making capacity.

    What is the relationship between globalisation and technology?

    Technology enables easier global interconnections.

    What is globalisation?

    It leads to reduced trade barriers and increased capital movement.

    How does globalisation affect capital movement?

    Investors can seek better returns in developing countries.

    What are social safety nets?

    They aim to protect the economically weak from globalisation's effects.

    What is cultural homogenisation?

    The rise of a uniform culture due to dominant influences.

    How does globalisation impact local cultures?

    It can lead to both cultural homogenisation and heterogenisation.

    What is the soft power of US hegemony?

    The influence of American culture on global preferences.

    What is the consequence of economic globalisation?

    It can benefit a small section while harming the economically weak.

    What does cultural heterogenisation mean?

    Cultures become more distinct and different through exchange.

    What was India's approach post-independence?

    It focused on self-reliance and protectionism in production.

    What triggered India's economic reforms in 1991?

    A financial crisis and the need for higher economic growth.

    What is a key challenge of globalisation?

    Ensuring that economic growth benefits everyone equally.

    How do call centre jobs reflect cultural exchange?

    They provide insights into American culture while facing biases.