Flashcards in Going Global Deck (110)
How large is the European Union?
28 member states
When was the European Union established? By what treaty?
1993 Maastricht Treaty
When did the A8, former Eastern bloc countries, join to the EU?
Give examples of international organisations that have driven globalisation:
- International Monetary Fund (IMG)
- World Trade Organisation (WTO)
- Asian Development Bank
- World Bank
What is the combined GDP of the European Union?
What is NAFTA? When was it established?
The North American Free Trade Agreement was established in 1994.
Which countries does NAFTA encompass?
The USA, Canada, and Mexico
What is ASEAN?
Association of South East Asian Nations
What is the average economic growth of members of ASEAN?
What are the two main advantages of trade blocs?
- Countries can exploit comparative advantages
- Firms can exploit economies of scale
What Ikea's annual revenue?
29 billion euros
How many stores does Ikea have? In how many countries?
381 stores in 47 countries
What term describes how the workforce in Ikea is organised internationally?
Spatial division of labour
How many workers are located in Ikea's franchising division?
What charitable foundation owns Ikea?
How much profit is taken from Stitching INGKA? By who?
600m yearly by Ingvar Kamprad
What is the market capitalisation of Shanghai's stock exchange?
How many export processing zones are in Shanghai? Who first started them?
58 export processing zones started by Deng Xiaoping
How many tonnes of goods does Shanghai Port handle each year?
755 million tonnes
Where is Shanghai ranked on the Global Financial Centres index?
16th of the Global Financial Centres Index
What percentage of the population in Gambia rely on crash crops?
What is Gambia's GDP per capita?
Less than $500
Who founded EasyJet?
When did EasyJet first start offering domestic flights in the UK?
Which company did EasyJet acquire? When did it do this?
EasyJet acquired TEA Basel AG, a Swiss airliner, in 2008.
When did EasyJet start offering flights to Barcelona?
When did EasyJet start offering flights to Tallinn in Estonia?
Where were EasyJet's first domestic flights?
Luton to Edinburgh and Glasgow
How many visitors does Tallinn receive yearly?