Going Global Flashcards
How large is the European Union?
28 member states
When was the European Union established? By what treaty?
1993 Maastricht Treaty
When did the A8, former Eastern bloc countries, join to the EU?
2004
Give examples of international organisations that have driven globalisation:
- International Monetary Fund (IMG)
- World Trade Organisation (WTO)
- Asian Development Bank
- World Bank
What is the combined GDP of the European Union?
$18.5 trillion
What is NAFTA? When was it established?
The North American Free Trade Agreement was established in 1994.
Which countries does NAFTA encompass?
The USA, Canada, and Mexico
What is ASEAN?
Association of South East Asian Nations
What is the average economic growth of members of ASEAN?
6%
What are the two main advantages of trade blocs?
- Countries can exploit comparative advantages
- Firms can exploit economies of scale
What Ikea’s annual revenue?
29 billion euros
How many stores does Ikea have? In how many countries?
381 stores in 47 countries
What term describes how the workforce in Ikea is organised internationally?
Spatial division of labour
How many workers are located in Ikea’s franchising division?
7000
What charitable foundation owns Ikea?
Stitching INGKA
How much profit is taken from Stitching INGKA? By who?
600m yearly by Ingvar Kamprad
What is the market capitalisation of Shanghai’s stock exchange?
3.5 trillion
How many export processing zones are in Shanghai? Who first started them?
58 export processing zones started by Deng Xiaoping
How many tonnes of goods does Shanghai Port handle each year?
755 million tonnes
Where is Shanghai ranked on the Global Financial Centres index?
16th of the Global Financial Centres Index
What percentage of the population in Gambia rely on crash crops?
75%
What is Gambia’s GDP per capita?
Less than $500
Who founded EasyJet?
Sir Stelios
When did EasyJet first start offering domestic flights in the UK?
1995
Which company did EasyJet acquire? When did it do this?
EasyJet acquired TEA Basel AG, a Swiss airliner, in 2008.
When did EasyJet start offering flights to Barcelona?
1996
When did EasyJet start offering flights to Tallinn in Estonia?
2004
Where were EasyJet’s first domestic flights?
Luton to Edinburgh and Glasgow
How many visitors does Tallinn receive yearly?
1.5 million
Between 1973 and 1977, to what extent did foreign debts increase? Why?
Foreign debts increased by 150% because of petrodollar recycling
In 2014, what was Volkswagen’s total profit?
10 billion euros
What is GDP per capita in Zambia?
1,800 dollars
How many subsidence farmers are in Zambia?
460,000
What percentage of people in Zambia lack access to clean drinking water?
40%
What percentage of the population has HIV in Zambia?
14%
How rich are Zambia’s copper deposits?
Zambia has the 6th richest copper deposits in the world
How many child soldiers were recruited by Sierra Leone’s Revolutionary United Front?
5,000
How much money did Sierra Leone’s Revolutionary United Front make from selling illegal diamonds?
$100m
How has life expectancy risen in the UK?
48 years in 1900 to 81.5 years in 2012
What percent of GDP does the service sector account for?
78%
How has manufacturing declined in the UK?
Manufacturing contributed 25% of GDP in the 70s, but now only accounts for 11% of GDP
What percentage of the workforce is female? How has this impacted birth rates?
47% of the workforce is female, leading to a fall in birth rates
When was the NHS created?
1946
How is the dependency ratio calculated?
(Children + Pensioners) / (Economically Active Pop) x 100