Globalisation Flashcards
When did globalisation accelerate?
1980s
How many TNCs were there in 1975 and now?
1995 = 7000
Now = 77,000
What are the BRIC countries?
Brazil, Russia, India, China
What are the MINT countries?
Mexico, Indonesia, Nigeria and Turkey
Where is the world’s busiest airport?
Dubai
What has facilitated flows of goods?
Containerisation
How much lower are call centre wages in India than the UK?
10-20%
In 1954 what % of manufacturing and consumption was in industrialised countries (Western Europe, North America, Japan)
95%
Where are Dyson Hoovers made and sold?
Made in Malaysia, sold in the UK
International trade in manufactured goods increased, as a result how much did the UK import in 1990 and 2008?
1990 - £200 billion
2008 - £550 billion
What year was the global financial recession?
2008
In 2016 the leak of how many financial and legal records exposed wrong doing on a global scale?
11.5 million
The world trade organisation oversees what % on a global scale?
Over 97%
In 2014 what was the value of the eu’s output?
$18.5 trillion
What was the initial aim of the EU?
To create a single (‘common’) market for goods, services, capital, and labour by eliminating all barriers to trade and hence promoting free trade between members.
What year did the UK vote to leave the EU?
2016
