Globalisation Flashcards
How many members does the WTO have?
157
How many companies does the Tata Group have?
100 companies with each of them operating independently
How many countries does the Tata Group operate in?
80 countries which receive 58% of its revenue
What is the Tata Groups presence in the UK?
- Jaguar and Land Rover bought by Tata Motors for $2.5bn in 2008
- Tetley Groupby Tata Tea for $430mn in 2000
How many people live in a around Bangalore?
10mn people
How many Technology companies are registered in Bangalore?
120
How many millionaire are there in Bangalore?
13,000
What % of global trade did China have in 2013?
38.1%
What is China’s current economic growth?
6.9% –> should be above 7%
How much do local Zambians get paid by the Chinese?
$53
What is China’s electronics business like?
- Innovating and advancing in electronics
- 2nd biggest P.C manufacturer
- Zenevo - now the biggest P.C manufacturer
Why has Guangdong experienced a remarkable economic boom in the last 30 years?
1) Government polices - free trade and GDI
2) Geographical advantages - coastal location and close proximity to Hong Kong
3) Huge workforce - 104.4mn
What influence does the PRD have on Guangdong?
PRD accounts for 78.9% of Guangdong’s GDP and 72.5% of Guangdong’s retail sales in 2014
What is the growth rate of urbanisation?
5%
How many Guangdong cities have no sewage treatment?
75%
How many days in a year is their brown smog?
130 days
What are the economic problems in Guangdong?
-Low wages - US$107 a month
How much of UK exports do financial services and business services make up?
One third of exports
How attractive is the UK for FDI?
The UK is the 2nd most attractive country in the world for FDI
UK migration in 2014
15% of the workforce is foreign born compared to 12.5% in 2006
How people do Ikea employ worldwide?
118,000
How many countries does Ikea operate in?
35 countries
What does Ikea’s HQ control?
Controls a complex network of 1350 supplies spread across 50 countries with two thirds of suppliers are located in Europe
How many people work in Ikea’s own furniture manufacturing company?
13,000 in 38 different factories
How many people work in the Tae Hwa sports shoe factory?
5250 - 80% are women
What is the monthly wage in the Tae Hwa sports shoe factory?
US$72 - the minimum legal rate
How long is the working day in the Tae Hwa sports shoe factory?
from 7am to 9pm + overtime is compulsory and often they don’t get a day off
What renewable energy ideas did Ikea invest in?
- Invested in 224 wind turbines and solar panels which accounted for 42% of all energy used in Ikea stores
- All paper is 100% recyclable
- PCA taps reduce water by 30%
What projects do Ikea invest in?
- Farmer fields schools - 20 weeks training for up to 100,000 farmer + encourage farmers to grow in a sustainable way
- No child labour - between 2000-2015 around 10n children in more than 15,000 villages in India and Pakistan benefit from programmes supported by Ikea
Which is the most powerful trading bloc?
EU - accounts for 18% of world trade
How much trade do LEDC’s account for?
The poorest 49 countries account for only 0.4% of world trade
How much trade to the top 500 TNC’s account for?
Account for 70% of world trade
How much of the Uk’s merchandise imports and exports are within the EU?
60%
How large is Brazil’s economy?
10th largest economy in the world
How bad is Brazil’s income inequality?
1/5 of the population lives in poverty
Where do Brazils imports and exports go?
75% of exports and 6% of imports were with South and Central America
How much of Burundi exports go to the EU?
50%
How many members are in the WTO?
152
What is Bangladesh the largest exporter/supplier of?
- Largest exporter of jute
- Largest supplier of t-shirts/shirts to Europe
How many garment factories are in Bangladesh?
over 1500 factories that employ around 2mn
How much were the UK exports to Bangladesh worth in 2004?
£61mn
How much were UK imports worth from Bangladesh in 2004? What was the most imported item?
- £600mn
- Ready made garments which have tariff free access to the EU under the generalised system of preferences scheme accounted for 79% of imports
What resource was Zambia’s trade dependent on?
Copper - in 2002 it accounted for 68% of total exports until the collapse in the international copper price
How much of aid is bilateral?
- 75% of aid is bilateral
How impoverished are people in Ethiopia?
78% of people struggle with an income below US$2 a day
How much money did the Eu commit to Ethiopia? What were the benefits?
- $2.5bn in aid between 1976 and 1994
- Touched almost every sector of the Ethiopian economy
- Non-formal education centres set up –> Age 7-14
How much aid had been given to Africa?
- Over the past 60 years $1trillion of development aid has been given to Africa yet more than 50% of the population live on less than $1 a day
What was the extent of political corruption in Zaire (DRC) and Malawi?
- The president, Mobutu Sese Seko is reputed to have stolen at least $5bn from the country
- The former president, Bakili Muluzi, was charged with embezzling aid money worth $12mn
How much aid money was given to Haiti?
$100 million from the USA and $330 million from the EU
What did the USA send to Haiti?
They sent ships, helicopters, 10,000 troops and search and rescue
How many people were placed in aid camps in Haiti?
810,000
What shelter was given to Haiti?
115,000 tents and 1,000,000+ tarpaulin shelters provided
How many people were provided with food rations after the Haiti earthquake?
4.3million people
What did the American Red Cross do during the Haiti earthquake?
They let people donate via text message which raised US$7 million in 24 hours
