Superpowers EQ2

Question 1

What is free market capitalism?

Answer 1

Private ownership of property and businesses.
Wages based on demand and supply and skill.
Limited restrictions.

Question 2

What is centrally-planned economy?

Answer 2

Government ownership and businesses state-owned.
Wages determined centrally.
Profits taken my governments and prices controlled.

Question 3

How do superpowers influence the global economy?

Answer 3

Free market capitalism

Centrally-planned economy

Question 4

How does ThE world bank influence global econony?

Answer 4

Loans within a free market economy and promotes exports, and trade.

Question 5

How does the IMF influence the global economy?

Answer 5

Assists in reforming economies and promotes open access for TNCs.

Question 6

How does the WEF influence global economy?

Answer 6

Promotes globalisation and free trade through Davos meetings. (Elite and business together)

Question 7

How does the WTO influence global economy?

Answer 7

Regulates trade and removes barriers.

But favours the rich

Question 8

What has the dominance of TNCs in the global economy been caused by?

Answer 8

Scale - can out compete smaller companies and take them over.
Ability to borrow money to invest allowed advantage due to investing in new tech.
free trade opened new markets to expand.

Question 9

What are the characteristics of global cultural influence? (5)

Answer 9

• freedom and rights
• importance of leisure (TV films)
• idea that wealth and goods can indicate success
• new tech and how it can solve problems
• small families rather than extended networks

Question 10

Examples of non westernised cultural influence? (2)

Answer 10

• curry most popular food in UK (6x more curry take always than McDonald’s)
• sushi becoming more pop in the West from japan.

Question 11

Examples of global action? (4)

Answer 11

• intervention in war and conflict (eg. Libya crisis)
• responding to terrorism (eg. War on terror)
• crisis response (eg. Ebola/Haiti earthquake)
• responding to longer term issues (climate change)

Question 12

What does the UN Security Council do?

Answer 12

Maintains peace and security. 
-applies sanctions 
-authorises military action 
-authorises peace keeping 
However decisions can be vetoed by the permeant members.

Question 13

Benefits of having allies? (3)

Answer 13

-act as the ‘eyes and ears’ in distant places.
-increase military assets.
-increase influence.
Military alliance (NATO, ANZUS)

Question 14

What do both economic and military alliances create?

Answer 14

Interdependence

Economic requires geopolitical stability (wars are bad for trade)

Question 15

What are the different attitudes of countries towards climate change? (4) (environmental governance)

Answer 15

• China is more focused on economic development.
• EU largest concern and willingness to act (Paris agreement)
• USA low concern (doubt climate change)
• high concern in Africa and Latin America, effected by emissions for rainfall for crop growth.

Question 16

What is pressure on resources caused by today?(2)

Answer 16

• increased population

- increased wealth (global middle class)

Question 17

What are the consequences of pressure on resources? (2)

Answer 17

• less availability of resources

- increase in price

Question 18

Rising middle class consequences of resource consumption? (4)

Answer 18

• deforestation and oil spills and mining
• increased emissions
• waste disposal problems
• more use of water