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Geography > The global economic shift > Flashcards

The global economic shift Flashcards

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1
Q

Who was the dominant economy at the start of the 19th century

A

China

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2
Q

Who experienced a period of dominance between 1840 and 1940

A

Europe

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3
Q

Why was Europe so dominant between 1840 in 1940

A

Following the industrial revolution and maturing of industry

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4
Q

When did the USA start to rise to economic power

A

End of the 19th century and since the end of the Second World War USA has been the dominant global power

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5
Q

What happened to the global economic centre of gravity overtime

A

Originated around China and then slowly moved more towards the west and America until around the 1980s when it’s began shifting back towards the east and china

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6
Q

Why is manufacturing mainly done in the Pacific rim

A

Easiest trade routes to the USA as no land has to be cross Only Ocean

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7
Q

What does China have a huge supply of

A

Cheap labour

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8
Q

What Type of economy is China

A

Emerging economy

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9
Q

Why is China becoming an economic power?

A

Shifting pattern of global trade and production especially for lower prices

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10
Q

When did the global economic shift begin back towards China

A

In the 1950s

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11
Q

Why did the global economic shift start to accelerate in the 1960s

A

As low-tech production for example of textiles and toys move to Asian tiger economies

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12
Q

What is an example of an Asian tiger economy

A

Taiwan

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13
Q

What happened in the 1980s that again accelerated the shift

A

When consumer electronics flourish in Japan

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14
Q

Why did the shift continue towards Asia in the 1990s

A

Electronic production was outsourced to China and other low-cost locations

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15
Q

What reinforced the global economic shift

A

The 2008 financial crisis

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16
Q

How did the 2008 financial crisis reinforce the global shift

A

Trade balance between the emerging economies increased while those are developed countries experienced relative decline

17
Q

How is Mardi Gras link to the exploitation of cheap labour

A

The commodious beads which are given out at the festival are produced in Chinese “sweatshops “

18
Q

Where is the largest bead factory located (Mardi Gras)

A

Tax-free special economic zone Fuzhou

19
Q

How is the global economic shift diminishing cultural barriers in China

A

Less racism, more open to alternative views e.g. gay rights which was legalised in 1997

20
Q

What is China standpoint on gay rights

A

No longer illegal since 1997

21
Q

How has the global economic shift towards China allowed a growing liquidity of capital

A

TNCs can invest in more part of the world due to free markets

22
Q

How is the global economic shift allowed for Improvements in the status of women

A

Competitive world role of a woman becomes more important as they’re now valuable asset for the economy

23
Q

What is the regional of disparity in China

A

Eastern coastal provinces are booming but the central in Western provinces are much poorer

24
Q

What is the FDI of the different provinces of China in 2014

A

85% to the east, 12% to central, 3% of the West

25
Q

What are the income disparities in China

A

Top 20% of Chinese population and 50% of total income while the bottom 20% only earn 4.7% of total income

26
Q

What type of services has started to disperse to world cities

A

Financial services as around the clock operations can be provided

27
Q

What is a requirement to back office in customer care call service operations

A

The English language

28
Q

Why is the English language helping India

A

50% of the global business outsourcing market is located in India

29
Q

Why is India so proficient in English

A

Due to it previously being part of the British empire

30
Q

What was recently named the worlds largest outsourcing city

A

Bangalore

Geography (103 decks)

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