Challenges and futures of existing superpowers - SUPERPOWERS

Question 1

Economic challenges of existing superpowers

Answer 1

• Debt ( mostly owed to china)
• Unemployment (deindustrialization, tech)
• Economic restructuring and need to up skill
• Social costs of deindustrialization
  Recovery from David the covid (Pandemic)

Question 2

What are 5 Factors which can affect a country’s/ regions superpower status

Answer 2

1.Economic restructuring
2.Unemployment
3. Social costs
4.Debt
5.Recovery from David’s rise (covid 19 pandemic)

Question 3

Economic restructuring

Answer 3

1.Economic restructuring
-Shifted employment from primary and secondary sectors into tertiary and quaternary. Manufacturing is also affected by shift in economic emphasis. In UKS, change allowed occurred when conservatives were elected

Question 4

Unemployment

Answer 4

The end of mining and manufacturing regions meant that n.o to workers fell from 240,000 to 13,000 in the UKs coals mines. Rust belt regions were also affected

Question 5

Social costs

Answer 5

• Lost in industrial regions
• In the Uk cities, men lost full time jobs and faced mental health problems
• People often had to migrate for ore such as from London to the south east
• lack of skills

Question 6

Debt

Answer 6

-Queues formed in front of many banks in 2007
-Peple heard that specific banks had more debts than assets an wanted to withdraw their savings as they might be at risk
- Bnks in the Uk were rescued by the Bank of England by turning £3 billion then nationalised to stop the panic the government feared that if banks collapsed, pubic panic would spread
- cost of interest
-risk getting into more debt

Question 7

Recovery from David’s rise (covid 19 pandemic)

Answer 7

• 6.9 Million is the current death toll globally
• recovery uneven a emerging countries are disadvantaged and need more time to recover losses
• Covid revealed pre existing economic fragilities
  -low income affected by downturns in tourism and air transport , reduction in oil and commodity prices, trade, markets (manufacturing sector)
• high level of poverty
• global GDP falls by 1.5% and leads to global recession

Question 8

Factors which affect GDP rates

Answer 8

• Development in reducing fossil fuels
• Ageing population
• Education
• Future conflict/ military expenditure