Political and economic decisions: acceleration of globalisation (Edexcel A-Level Geography): Flashcards
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IMF role in globalisation
IMF role in globalisation
Encourages FDI & free trade in developing countries
World Bank: amount distributed
World Bank: amount distributed
$64 bn in loans and grants
WTO role in globalisation
WTO role in globalisation
Reduces trade barriers & facilitates free trade
Number of countries in EU trade bloc
Number of countries in EU trade bloc
28 countries
Number of countries in ASEAN
Number of countries in ASEAN
10 SE Asian countries
Offshoring (FDI type)
Offshoring (FDI type)
TNCs build production facilities in low-wage economies
Transfer pricing (FDI type)
Transfer pricing (FDI type)
Profits channeled through subsidiary in low-tax country
Trickle down in free market liberalisation
Trickle down in free market liberalisation
Wealth flows from richest to poorest as overall wealth ↑
SEZs (Special Economic Zones)
SEZs (Special Economic Zones)
Areas near transport hubs exempt from taxes by government
Benefit of removing internal tariffs
Benefit of removing internal tariffs
Lower manufacturing costs per unit due to ↑ production volume