Global flows Flashcards
Commodities
Raw materials and goods with a value
Commodities and how does it create interdependence
Creates interdependence through trade as countries rely on each other production
e.g oil in Middle East
capital and how does it create interdependence
Capital can create interdependence as it allows aid and trade between countries to supply and buy its needs
capital
Money / stocks
information and how does it create interdependence
Creates interdependence as it allows countries that are uneducated to educate their population so they can work and improve tech
information
Knowledge and data
migrants
People moving into a country
migrants and how does it create interdependence
Some countries rely on foreign workers and then other people rely on cheap goods due to cheap labour
tourists
People visiting a country
tourists and how does it create interdependence
Some countries depend on tourists money and some use others for holidays