2.1

Question 1

who are the winners from global shifts?

Answer 1

TNC’s as cheaper labour so higher profits and consumer’s as products are cheaper

Question 2

who are the losers from global shifts?

Answer 2

factory workers in developed countries who suffer from unemployment

Question 3

economic centre of gravity

Answer 3

where most of the world’s trade is happening

Question 4

where was the economic centre of gravity at the beginning of the 19th century?

Answer 4

China

Question 5

when did Europe dominate the economic market?

Answer 5

1840-1940 after the industrial revolution

Question 6

when did USA become the dominant global economy?

Answer 6

been on a steady rise since end of ww2

Question 7

why has the global economic centre of gravity shifted to Asia?

Answer 7

due to the shift of manufacturing as there is a huge supply of cheap labour (price of labour is lowered and the price of goods has increased)

Question 8

benefits of global shift

Answer 8

1. decline in the number of people living on less than $1.25
2. new infrastructure built in developing countries to deal with TNC eg new international airport in India
3. more jobs (people given education and wages so less in poverty)
4. more taxes which leads to improved public services

Question 9

costs of global shift

Answer 9

1. rise in factories which leads to more pollution
2. loss of land
3. overcrowding due to RUM (thousands living in unplanned settlements so diseases can spread easily)
4. leads to public health and education services being severely strained in these areas
5. overexploitation of resources and dumping of waste which leads to pollution of local water sources (loss of clean water)

Question 10

case study of Dhaka, Bangladesh

Answer 10

• Ranza Plaza collapsed in April 2013 killing 1,100
• led to major structural, fire, life and safety reforms
• ## cheap labour $40/ month (pays more than subsistence farming and provides independence for woman)