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Globalisation, Politics, economy - Coggle Diagram
Globalisation
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Global North
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Definition: The Global North refers to the group of wealthier, more developed, and industrialized countries, mainly located in the Northern Hemisphere.
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Technology
Strong innovation, technological development, and digitalization.
Economy
High-income, industrialized economies with advanced infrastructure
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In Summary:
The Global North represents the world’s economically and politically dominant nations, often shaping global policies, trade, and culture — but also bearing responsibility for much of the world’s inequality and environmental impact.
Origin of the Term
• The term “Global North” became popular in the late 20th century to replace older, politically charged labels like “First World” and “Third World.”
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Criticism
• The division oversimplifies global realities — some southern countries (like Singapore or Chile) have high development levels, while some northern countries (like parts of Eastern Europe) face economic challenges.
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chances of globalisation
secures jobs, livelihoods and economic stability
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companies can compensate their growing demand of labour, workers from developing countries can support their Family back home
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Culture
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Access to global education, music and food
Global South
Definition: The Gobal South refers to regions of the world (mainly Africa, Latin America, Asia or Oceania) that are historically marginalized in global politics and economics. They share histories of colonialism and structual disadvantage, which is why a lot of them depend on more advanced countries in the Global North.
historical Background
Colonial History: many were colonized by European powers-> shaped political borders/ economic systems/ Social structures
Post- colonial development: after independence , countries worked on building stable economic and politics systems but they were facing major challenges
Structual inequality: Colonial time created Long- lasting economic disadvantages that still influences global power relations
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Social characteristics
young demographic: can be a strength (workers) or challenge (education, jobs)
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education challenges: access to quality education often uneven, affecting social mobility and economic growth
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Politics
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South-South cooperation : countries increasingly working together (e.g. African Union) to share knowledge, trade and support each other
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BRICS Plus economies
Definition
An expanded group of emerging markets, that aim to strengthen cooperation and reform the global financial system.
Was founded in 2009
Members
Original members: Brazil, Russia, India, China, South Africa (2010)
New members: Iran, Egypt, Ethiopia, UAE, Indonesia
Self-declared goals:
Reform global finance: Strengthen institutions like the New Development Bank and promote alternatives to the U.S. dollar (de-dollarization).
Enhance economic cooperation: Boost trade, investment, and development among member states.
Share knowledge & innovation: Collaborate on science, technology, education, and sustainable development.
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Developed countries
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Example member states
Germany, US, Japan, United Kingdom, Canada, Sweden, France
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