Superpowers Flashcards
what is a superpower, with an example (7.1A)
a super is a country with the ability to project its dominating power and influence anywhere in the world. USA
what is an emerging superpowers, with an examples (7.1A)
countries with large role in one or ore superpower characteristics and with growing influence. China, Brazil, India, Russia
what is an regional power, with an example (7.1A)
project dominating power and influence over the countries within the continent or region. UK, Germany, France in Europe
Saudi Arabia and Iran in the Middle East
South Africa and Nigeria in Africa
name the 6 superpower characterisrics (7.1A)
Economic, Political, Military, Cultural, Demographic, Natural Resources
Superpower Characteristc - Economic (7.1A)
- large gdp, high % of international trade, currency used as reserve currency
- large gdp creates influence as a potential market and as the home of TNCs which creates FDI
- Underpins the other 5 characteristics
The USA has the world largest total GDP - 18.5 trillion
Superpower Characteristics - Political (7.1A)
- Ability to influence the policies of other countries through dominance of negotiations (bilaterally and through international organisation)
- Many international organisations do not equally weight members
Voting power may be determined by economic contribution, historical role in founding of organisation (un) population etc - Often due to dominance in other characteristics, large economy gives power in trade talks, military power can make countries a threat
Superpower Characteristics - Military (7.1A)
Military power with global reach means they can be used to achieve geopolitical goals
- Global influence through blue water (ocean going) navy and drone, missile and satellite technology
- Dependant on demographic power, the number of military personnel that can be depoloyed
Dependant on economic power - budget determines investment in military technology which increases power
Russia have the most active nuclear warheads (1790) USA are second 1750
Superpower Characteristics - Cultural (7.1A)
Ability to influence beliefs, values, ideology, and way of life In other countries
Achieved by
Dominance of media (films, tv,radio,internet,education)
TNCs or migrants introducing cultural products (foods, clothing, music,religion)
Imposition of viewpoint in internernational agreements
Demographic (7.1A)
Large population = large diaspora and workers at TNCs
Assists economic power through a large market and economies of scale (no more profit)
Means army can be larger
China has largest population 1.4 Billion
Superpower Characteristics - Resources (7.1A)
Control of access to physical resources - energy minerals
Provides inputs for economic growth
Means they can be exported at higher price = economic power - OPEC and Oil
May be internally located, or accessed through reliable source countries through transport pathways
Essential for military power
(7.4a) World Bank
Founded - 1944
Lends money to developing and emerging economies to promote economic development
This is done within Western capitalist model
The money originates from developed countries
(7.4a) IMF
Founded - 1945
Promotes global economic stability
Aids to economies in opening up to world trade and investment
Comes to aid of countries to economic diffculty
(7.4a) WTO
1955 (replaced CATT rounds from (1948)
Works to remove a barriers to international trade
Has negotiated a sequence of global free trade agreements that have gradually removed trade taxers and quotas
(7.4A) WEF
1971
Swiss non profit organisation
Acts as a forum for discussion between business, politicians and IGOs
Pro free traded pro TNCs
Name the two types of TNCs (7.6a)
Public TNCs
State Led TNCs
What are public tncs (7.6a)
Owned by private shareholders (public) Apple, Tesco, Walmart, Disney
what are state led tncs (7.6a)
owned by government, Bank of China, EDF, Petronas
Where are state led TNCs found and the industry (7.6a)
founded in countries with communist command economies or mixed economies, China, Russia
Within strategic industries, banking, oil and gas
what economies have tncs (7.6a)
capitalist, free market economies have mainly public tncs
shareholders receive a proportion of annual profits dividend
TNCs facts (7.6a)
9-20 American 5 European 4 Chinese (state owned) 1 Japanese 1 South Korean
Chinese TNCs (7.6a)
2,3,4,15th - less global, operating mainly in China and few other developing and emerging countries
What is the largest TNCs (7.6a)
Walmart - revenue $485 Billion in 2015 - larger GDP than Belgium
Economic Power of TNCs
dominate global economy, 200 tncs produced 25% of global output in 2015
why in 2015 did 200 tncs dominate the global economy producing 25% of global output (7.6a)
economies of scale, they can produce goods more cheaply than national firms so drive them out of business
How much do TNCs account for global trade
7.6a
80% of global trade
TNCs and Superpowers (7.6a)
62% of world 2000 biggest companies in 2016 were from EU, USA, Japan 25% in USA alone
TNCs Soft power (7.6a)
spread cultural globalisations through ideology, creation of new technologies helps maintain military superiority for hard power