Globalisation (Case Studies) Flashcards
What are some key facts about the World Trade Organisation? (An example of accelerators of globalisation)
•166 members, 23 observers (Including UK, Japan, Afghanistan)
•Help developing countries with trade infrastructure, negotiating trade agreements
•Globalisation facilitation- Easy trade around the world, tech from HICs traded to developing countries
What are some key facts about the World Bank? (An example of accelerators of globalisation)
• Owned by 187 countries, headquarters in Washington DC
• Purpose is to reduce poverty by lending money to improve standard of living
•Increases shared prosperity
• Distributed Us $65Bn in loans and gains in 2014
• Globalisation facilitation- Deepen integration into regional + global economies
• Increase trade performance, therefore improved border management and logistics, reduced poverty leading to a more globalised world
What are some key facts about the USMCA? (An example of a trade bloc)
•Comprised of the US, Mexico and Canada
•1800 page agreement
•75% automobile parts made in NA
•40% of automobile parts made by workers paid $16 an hour
•Inspectors investigating human rights violations
•American farmers = more access to dairy markets
•Wages may increase in Mexico, slowing job loss
What are some key facts about Jaguar Land Rover? (An example of FDI)
• Jaguar founded in Blackpool in 1922.
• Bought by US TNC Ford in 1999 (Jaguar) and Land Rover in 2000.
• Both sold to Tata Motors in 2008.
• Employs 17k in the Midlands.
• Manufacturing site in India therefore access to international markets.
• 2012- JLR partnership with Chinese Chey Automobile Company to produce vehicles, £1Bn in Changshu assembly plant.
• JLR production and assembly facilities in Pune (India), Itatiaia (Brazil), Nitra (Slovakia)
• Outsources to Magna Steyr
• 44k worldwide employees
What are some key facts about the First Nations?
• Indigenous people of Canada
• Jumbo Valley may be exploited to become a ski resort
• ‘Keep Jumbo Wild’ is a campaign representing people who oppose the development, including the Ktunaxa Nation
• Should be preserved to ensure sustainability
How many members are in the WTO?
166
How many countries own the WB?
187
How much did the WB distribute in loans and gains in 2014?
$65 Billion
What percentage of automobile parts should be made in NA as part of the USMCA agreement?
75%
How much money should at least 40% of automobile part workers make?
$16 an hour
How many worldwide employees does Jaguar Land Rover have?
44k
