Economic & political tensions in Asia & the Middle east Flashcards
What has change the geopolitical power of the Asian region?
Globalisation and the global shift
How is the economic centre of gravity calculated?
taking the GDP from 700 locations and then plotting them to find an average by location
What was Earths economic centre of gravity in 1ce?
relatively stable around the Middle east until the 1800’s
Why was the global economic centre of gravity relatively stable until 1ce?
people lived on subsistence incomes
What led to a shift in economic centre of gravity? (to the west)
subsistent industrialisation and urbanisation of Europe and US causing a massive shift towards EU and US
What helped to change the direction of the global economic shift? (to the east)
rise of japan changed the direction particularly in 1980’s
When did the fastest rate of change in the global economic balance occur?
first decade of the new millennium
How much did the economic centre of gravity shift per annum back toward Asia in the 2000’s?
140km per annum 30% greater then after the period of ww2
Why are emerging countries playing an expanding role in FDI?
because there is a reversal of FDI from emerging into developed countries
How fast is china urbanising?
scale 100 times that of Britain and at 10 times the speed of that in the 18th century
Who is partly funding the Hinkley project?
partly financed by chinses company CGN (Nuclear power plant 3rd generation)
How much chinses investment does the ABP royal albert dock bring in?
£1.7billion
What decisions by Tata (Indian company)was greeted with relief?
decision to reduce cuts to UK steel planys in port Talbot
What strategy did China develop in 2013?(trade)
one belt one road
What is the Aim of one belt one road?
aims to increase connectivity between china, Eurasia and Africa
What does China want to do with its trade?
build a cohesive and economic area to increase trade and cultural exchange
How much does china plan on investing in Pakistan?
$46 billion
What will china do with the silk road in Pakistan?
reinventation of the silk road that will pass through central Asian republic and then to Europe
What does CPEC stand for?
China Pakistan Economic Corridor
What is the aim CPEC?
Connect China to Gwadar in Pakistan a deep water port operated by china
What will the corridor (CPEC) in Myanmar give china access to?
Bay of Bengal
What will the sea segment of the new silk road provide? (for asian ports)
Increased connectivity