HL - power places and networks Flashcards
what physical factors impact global interactions?
landlocked countries
remote islands (distance to other countries)
resources
physical environment
geographical terrain
climate (monsoon and heat)
why does a landlocked country have less global interactions?
- harder to develop
- dont have access to ports, so its harder to export and import goods
- have to move goods through other countries which costs more due to tax
- have impact on HDI - relates to poorness
what is an LLDC?
landlocked developing country
how does physical global interaction effect global interaction?
if a place has access to coast it makes it easier
global patter in trade of goods
G7 have much influence, global recession in 2009, next year there was a 15% increase,
china is largest trader in goods
G7 follow similar patterns in trading
what has caused an increase in trade and services
rising middle class, more people consuming things, more disposable income
what is globalistation
the increasing connectins between places, people, established through trade, politics and cultural exchanges, helped by tech and trasnport
what are positives to globalisation
bettering economy
easy travel
sharing of cukture
international aid
spread of resources
products
transport
what are negatives to globalistation
exploitation by high income countries
evolving much faster
reliance on TNCs and G7
harder for local businesses
KOF index
index measuring degree of gloalisation
three dimensions of the KOF index
economic globalisation - long distance glows of goods, capital and services, information, Tariffs, payments, restrictions
political globalisation - government - diffusion of policies, embassies, UN, treaties, international organisations
social globalisation - expressed as the spread of ideas, information, images and people, tourism, TNCs, internet
what does the G20 do?
holds a strategic role in securing future global economic growth and prosperity.
To discuss global issues regarding economic growth
Represent more than 80% of the worlds GDP
what are the G7?
the most powerful countries
UK,
US
germany
Canada
itlay
france
Japan
what is the aims of the EU
promote peace, freedom, security, no internal borders, regulate asylum and immigration and prevent combat and crime
what is OPEC
organisation of the petroleum exporting countries
purpose of OPEC
control protect price of oil and its import
what is OECD
organisation for economic co-operation and development
purpose of OEDC
create better policies for better lives
what is the IMF
international monetary fund
purpose of IMF
monitors the international monetary system, identify risks and recommends policies for growth and financial stability
purpose of world bank
offer support to developing countries through advice, research, technical assistance
purpose of new development bank
objective of financing infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries
what is BRICS
Brazil, Russia, India, China and South Africa
what date did ireland join the EU
jan 1973