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Globalisation - Coggle Diagram

- - - - widening, deepening and speeding up of world-interconnectedness
      - involves all aspects of life
      - increases at an accelerated pace
      - Deepening of linkage between local and global until they become indistinguishable
    - - Thick globalisation
      - multidimensional
        
        military, economic, social and cultural
      - uneven, uncertain, not inevitable
    - - Trump is against globalisation
      - Xi Jinping is in favour of globalisation
  - - - support globalisation
        
        lifted 1bn people out of poverty
      - some believe it will democratise international politics
      - argue that contemporary globalisation is something new
      - states are becoming less important
        
        shift from state centric international politics
        
        international order will contain a plurality of different actors
    - - believe that states are still important
        
        States can act without IGOs, IGOs can't act without states
        
        global institutions were created by states
      - argue globalisation isn't new
      - some view globalisation as a myth that hides american neo-colonialism
        
        Capital remains concentrated in advanced industrial
      - There is more regionalism than globalism
        
        key financial centres of western europe, north america and east china
  - - - technological change
      - advanced communications and transport infrastructure
    - - markets and capitalism
    - - power
      - institutions
      - regulations
- - - - Close association with the rise of neoliberal government
      - election of both Thatcher and Reagan
    - - lending from IMF and world bank
      - forced governments to implement policies that deregulated the markets
    - - Global economy centered on a few key cities
        
        London, New York, Frankfurt, Shanghai, Singapore
- - - - recapitalising and nationalising banks and financial centres
      - initiated financial stimulus packages
  - - - people stopped buying things
    - - states controlled lockdown
  - - - populism
- - - - Pandemics
      - financial crises
  - - - three main economic centres
  - - - States can’t control the global market
      - States are ceding power to organisations such as the EU and WTO
      - States are vulnerable to external disruption abroad
      - Democratic erosion in many liberal countries
    - - States used many extensive powers to combat the pandemic
      - states increasingly acting multilaterally not giving away power