EQ2 Flashcards

1
Q

define capitalism

A

an economic system in which a country’s trade and industry are controlled by private owners

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2
Q

define IGO (intergovernmental organisation)

A

involving 2 or more nations to work on areas of common interest

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3
Q

define the World Bank

A

a global organisation whose role is to finance development

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4
Q

define IMF

A

a global organisation whose primary role is to maintain global financial stability

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5
Q

define WTO

A

a global organisation which looks at rules for how countries trade with one another

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6
Q

what is the WEF (world economic forum)

A

international organisation that aim to improve the world state by promoting globalisation

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7
Q

when was the WTO established

A

The WTO was established January 1st 1995

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8
Q

what is the WTO

A

The aim of the WTO is to free up global trade and reduce trade barriers, by negotiating free trade agreements, ensuring members follow its rules

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9
Q

how does the WTO impact the world

A

WTO agreements and globalisation has led to an explosion in global trade since 1950

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10
Q

TRUE or FALSE
Trade between countries has grown enormously since the end of WW2

A

TRUEEE

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11
Q

FILL THE GAP:

In 1948 the total value of exports from all countries was US$58 billion and had risen to US$ ? trillion by 2014.

A

US$ 18 trillion by 2014

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12
Q

world trade graphs:
what are the 2 types of graphs

A

linear graphs
logarithmic graph

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13
Q

whats a strength of using a linear graph

A

Shows exponential nature of export trade growth can be seen in
Big events are seen clearly

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14
Q

whats a limitation of using a linear graph

A

Values may be too small to see

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15
Q

whats a positive of using logarithmic graph

A

Picks out an acceleration rate efficiently

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16
Q

whats a weakness of using logarithmic graph

A

Makes big events look less significant
Easy to make errors plotting
Difficult to analyse

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17
Q

define TNC

A

They are companies that operate in more than one country

18
Q

define westernisation

A

The process by which a country or society adopts the customs and institutions that are said to characterise the Western world

19
Q

define globalisation

A

the growth of countries becoming interconnectedness

20
Q

how does westernisation help countries stay in power

A

Global culture influence and westernisation is an important aspect of power, linked to economic influence and technology

21
Q

How does global media play a role and how does this help enforce westernisation?

A

Newsfeed, films, music and TV dominate global media, spreads ideologies of the western world

22
Q

How is western culture spreading around the world not always certain?

A

→western culture isnt adopted fully around the world

23
Q

what is intellectual property

A

intellectual property law protects these new developments in the form of
- Patents
- Copyright
- Trademarks

24
Q

How does intellectual property law help superpowers become even more influential?

A

→existing superpowers and developed countries paid for invention and artistic creations
→ developed TNCs invest R+D becoming patent holders

25
what are sanctions
these can be diplomatic, such as ordering staff at a foreign embassy home or economic, such as banning trade in weapons and military cooperation, while sporting sanctions can be used to prevent a country taking part in global sporting events.
26
what is the purpose of the UN security council
The first method for maintaining international peace and security
27
how does the UN security council maintain international law
- Applying sanctions, to countries that impose security risks - Authorising the use of military force against a country - Authorising a UN peacekeeping force
28
whats the issue with the UN
Any of the 5 permanent members can veto a decision, so prevent it from happening. The USA, UK and France tend to vote as one, as do Russia and China, leading to a deadlock. The Security Council has been accused of making resolutions to condemn a country’s action but then doesn’t follow through on this. Any actions require a ‘yes’ vote and all countries willing to act. In the last 40 years, the Western Powers (USA, UK, France) have failed to get agreement at the UN and have taken action themselves. This undermines the “collective security” principle that the Security Council was set up to achieve.
29
what International organisations role is MILITARY
NATO ANZUS
30
what international organisations role is POLITICAL
UN
31
what international organisations role is ECONOMIC
EU NAFTA ASEAN
32
what international organisation role is ENVIRONMENTAL
IPCC
33
what has led to increase in carbon emissions
Burning fossil fuels Deforestation Agriculture
34
why are some countries unwilling to reduce emissions
- Costly to invest in green energy - Developing countries lack access to technology - Corruption of some countries may mean emissions are not a countries biggest issue
35
how do superpowers impact the global environment
Superpowers have large resource footprints maintaining a large economy, military with global reach and a wealthy population requires energy, minerals, land and water resources
36
superpowers and emerging powers generates a range of environmental issues which are...
Low urban air quality CO2 emission rising Deforestation and land degradation
37
how do superpowers create low urban air quality and what are the effects of this
Low urban air quality in emerging power cities due to coal burning power stations and dramatic increase in car usage lead to major health implications
38
how do superpowers create rising CO2 emissions
Demand for fossil fuels, mineral, food, imports, plus manufactured good exports, this accounts for most of the world's CO2 emissions from shipping
39
how do superpowers create deforestation and land degradation
Deforestation and land degradation are issues as more land is converted to farmland, increasing demand for water and chemicals in farming
40
define nutrition transition
a change in diet from staple carbohydrate towards protein, dairy and fats it often includes eating more processed food it occurs as people transition from rural poverty to being urban middle class workers
41
define staple food
carbohydrates relied on in large quantities and eaten regularly. e.g potatoes and wheat for bread → USA, Europe Maize → Latin america Rice → Asia
42
define rare earth materials
a group of metal elements crucial to modern communication, medical and laser technology. Found dispersed in rocks, they're hard to mine, costly and limited in supply