Case studies ONLY Flashcards
When was the global financial crash
2008
Explain Somalia remittences
40% of people rely
2012 it was getting into the hands of Al shabaab
How many jobs have BT promised to return
1000 jobs
When did the US lose care manufacturing
1990
Global shift
1950 - US, UK and Japan used to make up 95% of manufacturing however now over 50% is made in LIC’s
UK became de-industrialised by 50%
How many distribution centres does Eddie stobart have
24
Case specific detail for COVID
March 2020 lockdown, 7 million people died
How many jobs were lost in welsh outsourcing
28,000
6,000 replaced by aeroplane industry
Arab springs
2010 Tunisia, Man lit himself on fire
Quote about globalisation
“globalisation will make society more creative and prosperous but also more vulnerable”
OPEC
1960 Iran Iraq, Kuwait, Saudi Arabia and Venezuela
1970-1980 50% of global oil trade
New member like Nigeria
1/3 of global oil trade
NAFTA
1994 Mexico, Canada USA to compete with other trade blocks
Trade tripled
Manufacturing in the US increased
Mexico got more TNC’s and wages
Maquiladoras took US work
Mexican resources were exploited and had a food surplus
Bosman ruling
1995
Free labour movement across the
TPP and TTIP
TTP - 2015 with 12 countries from North America, south America and Asia to increase trade
TTIP - 2013 with the US and EU to increase trade though concerns were surrounding
1. unions
2. public services
3. Legalisation (sueing and fracking)
China
1999 G20 countries, used to be part of G77
investing in Africa