M22 Financial Flow connect different places

Question 1

Intro

Answer 1

Financial flow is the movement of money or capital between individuals, organisations, or countries.

Plays crucial role in connecting different places, establishing interdependency involving economic, social, cultural, and political aspects.

Question 2

Body 1 (China)

Answer 2

FDI: involves establishment of businesses by TNC in foreign countries.

Apple heavily invested in manufacturing facilities and supply chains in China, fueling China’s economic growth

Created job opportunities and stimulated the development of supporting industries

Significantly contributing to China’s rise as a global manufacturing powerhouse.

Question 3

Body 1 (Apple products)

Answer 3

The expansion of Apple products like the iPhone have become notable icons of technology and innovation, transforming consumer behaviour and changing consumer preferences worldwide.

Also invested in establishment of retail stores in different countries.

Stores serve as a platform for Apple to directly sell its products, provide customer support, and enhance its brand presence.

Investing in retail stores, allow better understanding and cater to preferences and demands of consumers in different markets, while also creating job opportunities in the host countries.

Question 4

Body 2.1 (Aid)

Answer 4

International aid connects countries through economic and political means, addressing humanitarian crises, fostering development, and building international relations.

International aid can be directed towards places to address disasters or alleviate poverty.

Following national disasters such as earthquakes, countries may receive aid to support their recovery efforts.

For example, following the earthquake and tsunami in Japan in 2011, countries around the world provided aid to affected regions like Fukushima, helping to rebuild infrastructure and supporting the local economy.

Question 5

Body 2.2 (Politically)

Answer 5

Politically, international aid can serve as a means of strengthening diplomatic ties.

Developed countries often provide aid to developing nations as a means to enhance relations, but also exert soft power.

For instance the United States has a program in Africa to build partnerships, promote stability, and advance its political interest in the region.