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APY3705 Assignment 4 (Portfolio) Semester 1 Memo | Due 15 May 2025

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APY3705 Assignment 4 (Portfolio) Semester 1 Memo | Due 15 May 2025










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APY3705 Assignment 4
(Portfolio) Semester 1
Memo | Due 15 May 2025

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, Part 1 1. Briefly discuss some of the features of globalisation.

Features of Globalisation

1. Increased International Trade
Globalisation encourages the free exchange of goods and services across borders, leading
to the expansion of international markets and reduced trade barriers like tariffs and
quotas.
2. Cross-Border Movement of Capital and Investment
Capital can move more freely across countries through foreign direct investment (FDI),
international lending, and global stock markets, fostering economic integration.
3. Global Communication and Technology Integration
Advancements in technology—especially the internet and mobile connectivity—have
made it easier for people and businesses around the world to communicate and
collaborate in real time.
4. Cultural Exchange and Interconnectedness
Globalisation promotes the sharing of cultural practices, languages, music, food, and
ideas, leading to a more interconnected global culture while also raising concerns about
cultural homogenisation.
5. Labour Mobility
There is increased movement of workers between countries for employment
opportunities, education, and skilled labour, though it is often more regulated than trade
or capital flows.
6. Global Supply Chains and Production Networks
Manufacturing and services are now often distributed across multiple countries, with
different stages of production happening where it's most efficient or cost-effective.
7. Growth of Multinational Corporations (MNCs)
Large corporations operate in multiple countries, leveraging global markets, labour, and
resources to increase profits and expand their influence.
8. Standardisation and Global Governance Structures
There’s a move towards global standards in trade, finance, law, and environmental
practices through institutions like the World Trade Organization (WTO), International
Monetary Fund (IMF), and United Nations (UN).



2. Define ethnocentrism and contrast it with cultural relativism. How do
these concepts play out in post-earthquake Haiti according to David Brookes
and Jennie Smith-Pariola?

Definition and Contrast: Ethnocentrism vs Cultural Relativism

Ethnocentrism is the belief that one’s own culture, values, and norms are superior to those of
other cultures. People using an ethnocentric lens often judge other cultures based on the
standards of their own, sometimes viewing them as "backward" or "inferior."

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