EQ 1 Case Study/ Example Stats Flashcards
When did steam power emerge in Britain?
1800’s- steamships and trains, transported goods and armies quickly along trade routes into Asia and Africa.
When did railways become essential in supporting globalisation?
1800’s- railway networks expanded globally. Railway networks connected multiple countries at a time and in the uk; proposed ‘high speed 2 railway’ (linking London and northern eng) will halve journey times
When was containerisation introduced ?
When? - 1956
Advantage of container shipping in terms of money?
It’s now possible to shift $500,000 worth of consumer electronics from shanghai to Felixtowe for up $3,000. And now China is accountable for the manufacturing of 96% of the world’s containers as country with worlds largest manufacturing output in 2020.
Jet aircrafts; when did the intercontinental Boeing 747 model arrive?
1960’s- made travel more commonplace and held title of worlds largest passenger capacity plane.
EasyJet- when was it found?
Found in 1995 and started with only 2 aircrafts but successful as it ‘made flying as affordable as a pair of jeans’
How many passengers did it gain in 2002 and 2014
2002- 11,000,000
2014- 65,000,000
By 2014 easyJet owned 200 planes also consisting of the Boeing model, and brought in revenues of how much?
Of nearly £4 billion
How many individual container movements take place each year?
200 million
Disadvantages of Containerisation; What is its effect on the environment?
The worlds merchant fleet are responsible for 4% of greenhouse gas emissions - bunkerfuel
INFLUENCE OF TECHNOLOGY; When was Facebook launched?
2004
How many Facebook likes are registered globally?
More than 4.5 billion users likes- extensive global networks of people surround the most popular twitter feeds aswell, such as lady gaga (40 million) and Taylor swift (36 million)
When was Skype launched?
2003
ICT & Tech; economic globalisation; how much dollars worth of currencies are exchanged every year worldwide?
$2,000 trillion exchanged using online banking.
ICT & cultural globalisation;
During 2017, what proved that ICT was accommodating cultural globalisation?
2017, Song Despacito by Luis Fonso and daddy yankee has now clocked up over 6.9 billion views and holds it’s current place as the most watched youtube music video of all time
POLITICS AND ECONOMIC ORG’S CONTRIBUTION TO GLOBALISATION;
When was the Bretton Woods institution established?
After the Second World War in the USA
Purpose of the Bretton Woods institution?
To restabilise the world economy and avoid a return to conditions that prevailed during the Great Depression of the 1930’s.
Now they have grown to persuading developing countries to embrace free market economics and glob.
What is the purpose of the IMF?
purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other.
Criticisms of the IMF?
- Voting rights are not proportional to the amount of money invested by a member country into the fund - for e.g; USA has 17% of the voting rights due to a larger and wealthier economy = more power
- IMF has controversial rules and regulations imposed on recipients called the SAP’s- they are meant to encourage development through the structural adjustment of the economy but they sometimes worsen economy because recipients are insisted to cut spending on services like health and infrastructure
WTO; purpose?
To draw up rules for international trade and to persuade countries to remove tariffs and taxes on foreign imports & subsidies to domestic products so trade is free without barriers
In summary; to LIBERALISE trade
TWB; purpose?
Lends money on a global scale
Criticism of TWB?
Same proportional voting system based on amount of money each country has invested
US- 16%
Power lies within the hands of the wealthiest economies
Structural adjustment in Cochabamba Bolivia;
Historical and economic build up to privatisation ?
Succession of governments attempted to wrench Bolivia out of poverty through structuralist measures; SAP set up by TWB and IMF collapsed in 1981 in attempt to take Bolivia out of poverty = 6 years of negative economic growth.
When did the Bolivian gov grant a 40 year contract SEMAPA in Cochabamba to aguas de tunari?
1999