3.2.1.2 Global systems - Issues associated with interdependence Flashcards

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1
Q

Explain the geopolitical issue occuring in the Malacca Straits (International scale).

A

100,000 boats carrying goods from China every year through the Malacca Strait are at risk from piracy from Somalian pirates.

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2
Q

What are some examples of unequal global systems?

A
  • G7
  • G20
  • OECD
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3
Q

Who are the G7? What do they do?

A

A group of 7 countries: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.

These countries meet in a summit every year to:
- Discuss issues and resolve them - e.g. the concept of HIPC introduced (the relieving of debt for LICs)
- Boost trade
- Strengthen relationships
- Exchange ideas

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4
Q

Who are the G20? What do they do?

A

An international forum for the governments and central banks of 20 major economies. They meet at a summit every year to discuss issues.

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5
Q

Why was the G20 established in 1990?

A

Gives a voice to the major developing economies who felt that the WTO was not fully serving their interests.

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6
Q

What is the OECD? What do they do?

A

The Organisation of Economic Co-operation and Development involving 34 or the richest and most influential countries. This is an important source of networking between countries committed to a market economy.

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7
Q

Name a geopolitical issue which has occurred at an international scale.

A

The South China Sea Dispute.

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