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18 Cards in this Set
- Front
- Back
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What is a Global Network? |
Global Networks are causing everything yo happen easier and quicker. They are the connections between companies, countries and trade blocs across the world |
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Why has China Grown so quickly? |
- The economy doubles every eight years - Undergone massive change since the 1970s |
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What are the local reasons for China's growth |
Local Reasons for China's quick growth -An 'open door policy' was developed to encourage investment from overseas -In 1990 China became a more capitalist economy, allowing locals to accommodate wealth - The creation of industrial Export Processing Zones (EPZ) |
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What are the global reasons for China's growth |
Global Reason for China's quick growth -in 2001, china joined the World Trade Organisation -TNC's invest in China to take advantage of low labour costs -60% of the increase in world trade since 2004 is from china - China has now overtaken the USA as the world's largest consumer - 53% of export are produced by foreign owned companies |
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What is the impacts of China's quick growth? |
Impacts of China's quick growth - Chongqing is the world's fastest growing city - Population over 10 million, and it's expected to double by 2010 - Half a million new workers arrive each year - Income is 3x higher than on farms -Since 2000, US$2250 Billion has been spent on roads -Urbanisation is key impact, with over 140 million Chinese left the countryside since 1980's |
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What are the Consequences of China's quick growth? |
- 70% of rivers and lakes are polluted - 100 cities suffer from extreme water shortages - 360 million people do not have access to clean water |
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Why has India grown so quickly? |
-Since 1990, economic growth has averaged 6% a year - it is one of the worlds next emerging superpowers -'Brain gain' involves making the country more educated, by attracting and keeping foreign intelligence. |
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What are the Local Reasons for India's quick growth? |
- Language and technical skills are being used to establish an economy to service the world - Large well educated workforce ( 2 million English graduates every year) - Services earn the country $25 Billion a year |
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What are the Global Reasons for India's quick growth? |
- Large numbers of Indians are returning from North America and Europe to work - Large amounts of work is being outsourced, and is expected to quadruple to $56Billion per year by 2010 |
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What are the impacts of India's quick growth? |
Impact of India's quick growth - Bangalore is India's fastest growing city -From 1.6 Million in 1970 to 6.5 million in 2006 - Has the highest paid workers - Large gap still remaining between the rich and poor |
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What are the consequences of India's quick growth? |
Consequences of India's quick growth - Cheaper food imports from overseas, hurting local farmers that make up 70% of population - Professional in the information sector, i.e. software professionals are making much more money -European countries suffer, as Indian companies are now production state-of-the-art equipment at 20% of European price |
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What are Switched off countries? |
Switched off countries - Countries that are isolated from global networking, and not part of the global community, are known as disconnected countries. |
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Why is North Korea a Switched off country? |
North Korea - Switched Off - Crazy leader - Tourism is banned - Travel is banned - no links to outside world - Spends all money military |
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Why is Vietnam a switched off country? |
Vietnam - Switched off country - War (1957-1975) -isolation -Deltaic ( made of deltas, rivers) -Physical geography -inflexible political/economic situation |
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What are Global Hubs? |
Global Hubs - A global hug is major part of a network that is switched-on. It is places with qualities that make other places want to connect with them. This is usually due to natural resources or human resource. They also serve as core regions for their country's economy -firms are able to connect with other business and nations. All megacities and world cites are global hubs |
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Describe the Natural Resources and Human Resources found in Global hubs |
Natural Resources - Oil - Coastline ideal for trade - Strategic location -Physical factors that aid growth of industry Human Resources - Large labour force - Affluence attracts service provides - Skilled labour - Language spoken |
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What connects the world's global hubs? |
Flow of money, goods and workers connect the world's global hubs |
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Describe Global Hubs in Middle and Low income countries |
Global Hubs in Middle and Low income countries - Just because a nation has a global hub, does not mean the whole population if as wealthy as the key cities. - In many middle and lower income countries ( such as Brazil and South Africa ) wealth is divided very unfairly. - Farmers who work on land where oil is extracted receive no benefits whatsoever - Globalisation is, in some cases making the rich-poor gap even larger. |
