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(Multilateralism, Globalization) - Coggle Diagram
Multilateralism
Issues
Nation states - less willing to cooperate in tackling cross- national and global challenges. eg - In covid - 19 pandemic, instead of any collective effort to find an effective and affordable anti-virus vaccine, countries are competing with each other to find a vaccine
Countries believe in sacrificing as lil as possible and try to gain as much as they can and this leads to ineffective decision making and its poor implementation, eg UNFCCC
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Comprises qualitative elements that shape character of the institution which includes - indivisibility of interests among participants, a commitment to diffuse reciprocity, a system f dispute settlement
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Globalization
Intro
Growing inter dependence of world economies, cultures and population
brought by cross border trade in goods, services, technology and flows of people, info, investment
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Disadvantages
Fuels inequality, makes rich richer and poor poorer
Makes people vulnerable to infectious diseases, eg COVID 19
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Advantages
Promotes and increases, interactions b/w different regions and populations around the world
allows the countries to come together and work in coordination in order to tackle problems happening in the world
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Way forward
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In tackling domestic challenges, deeper external engagement is often indispensable(necessary)
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