Rest Of Glob

Question 1

Global features + trends: General features

Identify + name flows that play key role in glob

Answer 1

e.g Europe + n. America + s.e Asia + middle east

Question 2

Global features + trends: Trade in merchandise

Answer 2

37% Europe (9x S + C America)
32% Asia (nearly 10 x Africa)
G7 account for 50% global trade

Question 3

Global features + trends: Trade in services

Answer 3

Uneven
Europe’s largest net exporter
Africa largest net importer
BRIC increasing exports

Question 4

Global features + trends: investment

Answer 4

Mostly intrafirm, especially within TNCs
FDI major source + importance - e.g Brazil resources, China large consumer markets, Hong Kong fin servs growth
Top FDI incoming: USA: $258
Fair trade
Ethical investment

Question 5

Trading relationships and patterns: Trans-Pacific Partnership

Answer 5

Free trade
12 nations
Key growth areas: USA, Canada, Chile, Mexico, New Zealand, Vietnam
Lacks transparency
Investment, labour, finservs, environment standards

Question 6

Trading relationships and patterns: Transatlantic Trade + Investment Partnership

Answer 6

Free trade
Bilateral between USA + EU
Empowers HIC TNCs
Investor State Dispute Settlement (ISDS) gives TNCs right to sue govts if affects profits

Question 7

Trading relationships and patterns: role of China

Answer 7

NEE
Invests vastly is Africa
- buys land for food production
- extracts resources - e.g copper Zambia
- develops textile industry
- establishes food + retail
- migrates: 1 mil Chinese in Africa
- loans in exchange for goods e.g cocoa Ghana
- tourism: Chinese visit
- trade - e.g special trade zones

Question 8

Trading relationships and patterns: role of L. America

Answer 8

Mercosur - Brazil, Argentina, Uraguay, Para, Venezuela - similar to EU single market - trades with EU + US
Pacific Alliance - Chile, Peru, Colombia + Mexico trades with Asia Pacific + USA - high levels of growth - may merge with Mercosur