Globalisation: It's impact on the state system (Edexcel A-Level Politics): Flashcards

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Widening and Deepening Interconnectedness and Interdependence
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What does globalization drive?

Interconnectedness & interdependence between nations

Interconnectedness definition

Growing ties/connections between countries

Interdependence definition

Mutual reliance between countries/economies

2008 financial crisis example

Started in US, spread globally via interconnected markets

COVID-19 pandemic example

Showed interconnectedness via rapid spread across borders

Bretton Woods Institutions

World Bank, IMF, WTO

Washington Consensus

Economic policies for free markets & free trade

Regional trade agreement examples

NAFTA/USMCA, EU, TPP

Key international organisations

UN, WHO, NATO

EU as political example

Supranational entity showing political interconnectedness

Global brand examples

McDonald's, Apple, Coca-Cola

Soft power definition

Cultural influence as foreign policy tool

Internet's global role

Instantaneous information sharing across globe

China's Belt and Road Initiative

Global infrastructure network project

Paris Agreement focus

International climate change cooperation

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