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Geography > Changing Economic World > Flashcards

Changing Economic World Flashcards

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1
Q

Changing economic world

What is 1 reason de-industrialistation occured?

A

Competition from NEEs e.g China

countries competing with the UK by producing cheaper goods

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2
Q

Changing economic world

What is 1 reason de-industrialistation occured?

A

Mechinistation

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3
Q

Changing economic world

What is stage 1 of the DTM?

A

Indigenous Tribes

  • Polutation is low
  • Both bith rates and death rates are high
  • no health care
  • very high infant mortality
  • no family planning
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4
Q

Changing economic world

What is stage 2 of the DTM?

A

LICs
* most of the population works in agriculture
* some healthcare so deah rate drops
* high birth rate as they need alot of people to work in the primary industry
* no family planning

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5
Q

Chaning Economic World

What is stage 3 of the DTM?

A

NEEs
* industrial revolution
* better healthcare so death rate drops
* infant mortality drops so people start to stop having alot of kids
* birth rate drops

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6
Q

Changing Economic World

What is stage 4 of the DTM?

A

HICs
* birth rate and death rate are low
* very good health care
* choice - so family sizes drops

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7
Q

Changning Economic World

What is stage 5 of the DTM?

A

** Germany, Japan, Norway **
* educated men/women choose to have long careers over large families
* very low birth rates as the average for first baby is 30

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8
Q

Changning Economic World

Why do TNCs locate to LICs

A
  • cheap workers
  • raw materials are cheaper
  • weak labour laws ( companies can get away with more)
  • Governments give TNCs incentives to relocate
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9
Q

Changing Economic World

What are the advantages for the countries TNCs relocate to?

A
  • brings tax revenue
  • jobs
  • mutiplier effect - other companies open or start up
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10
Q

Chagning Economic World

What are the disadvantages for the countries TNCs relocate to?

A
  • people are left in poverty from low wages
  • exploitation of workers
  • corruption means sometimes the profit made by TNCs are not taxed
  • No or few pollution laws leads to environmental harm
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11
Q

Changing Economic World

Does everyone in Nigeria benifit from the TNCs ?

A

Overall yes the country has developed into an NEE:
* fastest growing economy in Africa
* largest young population is Africa

However:
* Uneven distribution of wealth between the North and the South
* Enducation is better in the South than in the North
* Healthcare is better in the South than in the North

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12
Q

Changing Economic World

What is the positive of aid?

A

It helps the country that requires the support

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13
Q

Changing Economic World

What is the definition of aid?

A

money or reasources, or skills given to a country by a charity or foreign government/party e.g World Bank , IMF or Oxfam

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14
Q

Changing Economic World

What are the negatives of aid?

A
  • reliance on aid could causing countries from progressing
  • corruption
  • the aid could go to the wrong place or wrong thing
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15
Q

Changing Economic World

What is Intermediate Technology?

A

Tools, equipement and systems that improve quality of the life but are also simple to use, affordable to buy or build and cheap to maintain

e.g, wind turn sails

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16
Q

Changing Economic World

What is a Tariff?

A

Tax on imports protecting loacal business’

17
Q

Changing Economic World

What is Free Trade?

A

No tariffs and quotas to restrict trade

18
Q

Changing Economic World

How is Fair Trade Benefical ?

A
  • Farmers are guarnteed a fair price
  • product gains stronger position in global market
  • part of the price is invested into the local community
19
Q

Changing Economic World

What is Debt Relief?

A

When the debt a country owes is written off under a clause or as an act of kindness

20
Q

Channg Economic World

What were the impacts of Oil in Nigeria’s Agriculture?

A
  • Agriculture fell from 50% to just over 20%
  • Nigeria’s Industrial sector is 27% of its GDP
  • Fastest growing idustrial sector in Africa
  • Peugeot factories on Nigeria cause the multiplier effect as they don’t produce their own notes and bolts
  • So companies that produce nutts and bolts sprout up,sell and supply Peugeot
  • creates regular paid Jobs
21
Q

Channg Economic World

What were the impacts of Oil in Nigeria’s Industrial Sector?

A
  • Nigeria’s Industrial sector accounts for 27% of Nigeria’s GDP
  • Fastest growing idustrial sector in Africa
22
Q

Channg Economic World

What is an exapmle of the multiplier effect in Nigeria?

A
  • Peugeot factories on Nigeria cause the multiplier effect as they don’t produce their own notes and bolts
  • So companies that produce nutts and bolts sprout up,sell and supply Peugeot
  • creates regular paid Jobs
23
Q

Changing Economic World

What are the problems with TNCs in Nigeria ?

A
  • They are largely trsponsible for extracting oil. Crude oil is cheap so Nigeria doesn’t get much or the profits.
  • relaxed laws on the environment, leads to pollution becoming a problem
  • water pollution removes a vital food and income supply
24
Q

Changing Economic World

What are the advantages of TNCs on Nigeria’s employment?

A
  • Shell provides direct employment to 2700 people and 90000 contractors
  • 97% of those are from Nigeria
25
Q

Changing Economic World

What are the advantages of TNCs on Nigeria’s?

A

It provides 3000 scholarships to secondary schools and universitites

26
Q

Changing Economic World

What are the benifits of being in the EU?

A
  • free movement
  • Tariff free trade
27
Q

Changing Economic World

What were the Impacts of the UK leaving the EU?

A
  • Harder for business to trade
  • Fewer EU migrants
28
Q

Changing Economic World

What is the UK trying to solve from brexit?

A

Establish trade links with US, Japan, India and the Commonwealth

Geography (3 decks)

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