The Impact of Globalisation (HSC SSCE Economics): Flashcards

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The Impact of Globalisation
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Global real GDP growth rate 2000-2020

3.8% per year

Fastest-growing region 1990s-2000s

East Asia & Pacific, 8.7% per year

HDI measures

Living standards, education, and health outcomes

Global value chains % of total trade

About 80%

Number of TNCs globally

Over 104,000

Top 20% income share rise effect on growth

8% fall in avg growth rates over 5 years

Paris Agreement temperature target

Well below 2°C above pre-industrial levels

US dollar % of global reserves

Nearly 60%

Annual corporate tax avoided by TNCs

240 billion USD

Investment needed for net-zero targets

95 trillion USD

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