Global systems Flashcards
What are the 4 types of interdependence ?
Economic, social, environment, political
Give a statistic for poverty in a periphery country
In Malawi, 52% live on $0.32 a day
Give the statistic about China’s Gini index
Increased by 34% in last 24 years
What are the average wages paid by TNCs compared to local firms ?
40% higher
What theory suggests no 2 countries with a Mcdonalds will go to war ?
Golden arches theory of conflict prevention
Give an example of a trade restriction imposed by another country
2010, USA imposed sanctions restricting oil exports from Iran after concerns over their nuclear program
What is the Gini index value or Ukraine ?
0.25
What is the Gini index value of the UK ?
0.33
What is the Gini index of South Africa ?
0.63
What is the gini index based off ?
The lorenz curve
Give an example of a success of the WTO
Settled dispute against US in 2009 regarding anti-dumping measures on Chinese tyres
Give an example of a failure of the WTO
Incomplete major trade negotiations e.g. Doha development round which was launched in 2001 to address trade imbalances between developed and undeveloped nations
How many members are apart of the IMF ?
185 countries
Give an example of a success of the IMF
Gave out a euro 30 billion bail out loan to help Greece stabilise its economy
Give an example of a failure of the IMF
Response to Asian financial crisis in 1997 which increased Indonesian poverty rates by 7%
