Global Systems and Governance

Question 1

What are Global Commons?

Answer 1

A natural resource shared by all people on earth.

Question 2

What are Trade Blocs?

Answer 2

An intergovernmental agreement where barriers to trade are reduced amongst member states.

Question 3

What is a NIC?

Answer 3

Newly Industrialised Country e.g. China

Question 4

What are Remittances?

Answer 4

A transfer of money by someone living abroad to their home country.

Question 5

What is Aid?

Answer 5

Assistance given from one country to another in times of need.

Question 6

What is FDI?

Answer 6

Foreign Direct Investment

Question 7

What is Capital Flow?

Answer 7

The movement of money (capital) for investment abroad.

Question 8

Define Free Trade.

Answer 8

International trade without taxes/tariffs (barriers to trade).

Question 9

What is containerisation?

Answer 9

The easing of flows of trade through the use of standardised shipping containers.

Question 10

Define Globalisation.

Answer 10

Interdependence between the leading nations in trade. There are few restrictions on cross-border exchange of good and services.

Question 11

Give 2 examples of economic alliances.

Answer 11

BRIC(s)
MINT

Question 12

Name the BRIC(s) member states.

Answer 12

Brazil, Russia, India China, (South Africa).

Question 13

Name the MINT member states.

Answer 13

Mexico, Indonesia, Nigeria, Turkey.

Question 14

What are the Maquiladores?

Answer 14

Manufacturing plants located in free trade zones within Mexico.

Question 15

Why are some HICs experiencing deindustrialisation?

Answer 15

Large factories/manufacturing plants have less uses in HICs since the manufacturing of products has been outsourced to LICs/NICs.

Question 16

Who created the World System Theory Model?

Answer 16

Wallerstein

Question 17

What is the Core?

Answer 17

HIC’s and industrialised countries that dominate and exploit periphery countries for labour and raw materials.

Question 18

What is the Periphery?

Answer 18

Countries that depend on core countries for capital e.g. LICs.

Question 19

What is the Semi-Periphery?

Answer 19

Countries that are industrialising and have some effect on the world economy e.g. NICs - China, India.

Question 20

What industry has Uganda specialised in?

Answer 20

Primary: Fishing - Nile Perch

Question 21

What is the most valuable natural resource?
What organisation is focussed on this resource?

Answer 21

Oil (sometimes called black gold)
OPEC (Organisation of Petroleum Exporting Countries)

Question 22

What is one way of reinforcing unequal flows?

Answer 22

‘Clubs’, e.g. OECD BRICs/MINT
largest HICs and NICs allowed in, trading with other stable HIC/NICs.

Question 23

What is a tariff?

Answer 23

A tax imposed on imports and exports

Question 24

What is a quota?

Answer 24

Government imposed restrictions that limit the amount/value of goods that can be imported/exported.

Question 25

What are subsidies?

Answer 25

Financial assistance given by a government/NGO to increase competition/prevent collapse of businesses.

Question 26

Define protectionism.

Answer 26

Restricting imports from other countries to bolster domestic industry.

Question 27

What are barriers to trade?

Answer 27

Obstacles countries face when trading with each other.

Question 28

What are the different types of trade blocs?

Answer 28

Preferential Trade Area Free Trade Area Customs Union Common Market Economic Union Full Integration

Question 29

What agreement allows for the free movement of people and goods between EU member states?

Answer 29

Schengen Agreement

Question 30

What is the Belt and Road Initiative?

Answer 30

China's plan to improve infrastructure in multiple Asian, African and European nations to improve the flow of trade.

Question 31

Where is China focussing their FDI?

Answer 31

Africa, e.g Nigeria, Ghana

Question 32

What is a multilateral institution?

Answer 32

An organisation that multiple countries are a member of, responsible for global decision-making.

Question 33

Give 3 examples of multilateral institutions.

Answer 33

IMF, WTO, World Bank

Question 34

Suggest a flaw in these institutions.

Answer 34

Western/Eurocentric

Question 35

What is top-down investment?

Answer 35

Governments receive funding and it trickles down to poorer people.

Question 36

What is bottom-up investment?

Answer 36

Funding given directly to grassroots communities.

Question 37

Give examples of TNC's

Answer 37

Apple, Google, Shell, Alibaba

Question 38

What is the multiplier effect?

Answer 38

A knock on effect that can have positive/negative impacts.

Question 39

What is vertical integration?

Answer 39

Companies buying different parts of a supply chain of the same product.

Question 40

What is horizontal integration?

Answer 40

Buying rival companies in the same part of a supply chain.

Question 41

What is the TNC case study?

Answer 41

Apple

Question 42

How many full time employees does Apple have?

Answer 42

98000

Question 43

Where is Apple's European HQ?

Answer 43

Cork, Ireland. Hires 4000 people.

Question 44

Give one positive and negative impact of Apple in Cork.

Answer 44

+ investment in STEM projects in schools - brain drain in other EU members e.g. Poland

Question 45

Which SEZ has Apple exported production to?

Answer 45

Shenzhen, China (Outsourced to Foxconn)