Interconnections That Characterize Globalization

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AP Comparative Government and Politics: Briefing Paper (Questions and Responses) Q1. Define “globalization”. Explain some of the interconnections that characterize globalization. A1. Globalization, driven by advanced technological innovation, is the process that results in the rapid growth of interconnectivity of the world; this inevitably prompts increasing interdependence between economies, political system, and societies. This interconnection, is characterized by sensibility and venerability, would induce each nation becoming more sensitive to the decisions and actions of others, and more vulnerable to the effects of others’ choices and actions. The two fundamental aspects of interconnectivity forces governments to consider both internal…show more content…
This argument, which is homogeneous to the economic theory of comparative advantage, states reduced tariffs would allow countries to specialize and produce goods and capital in which they have the greatest expertise. The neoclassic liberal theory also claims that foreign investors provide higher wages and better working conditions, which may ultimately strengthen the national economy. Thus, through the reduction of tariffs, economically weak counties transform from labor-intensive countries to more capital and knowledge-intensive industries. Q3. What does “FDI” stand for? Why is it significant to globalization? A3. Foreign Direct Investment (FDI) is a type of economic transaction in which corporations based on one country make investments on other countries to establish and run business operations. FDI, the largest form of private capital inflow to developing countries, elevates the economy by bringing technical information, jobs, and the transmission of ideas. China, which has opened up itself for trade and FDI, has seen a growth in its income per capita; for example, China’s income per capita rose from $1,460 in 1980 to $4,120 in 1999. Q4. What are “MNCs” and what is their role in economic globalization? What percentage of the world’s exports are accounted for by MNCs? Why have MNC’s become a political…show more content…
States, international organizations, and multinational corporations are not the only actors that have had to react to the challenges presented by globalization. In other words, even the average citizen has been affected by the changes of globalization; for example, an upsurge in public awareness and a sense of connectivity introduced the concept of global citizenship. A transnational advocacy network is a set of relevant actors working together to solve international issues; they are bound by shared values and a common discourse. Increasing globalization provides transitional groups to recruit, raise funds, and to efficiently operate internationally. The result is the emergence of a global mass politics, a way for societies to express their needs and expectations to the

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