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Discuss the impact of global trading patterns in relation to both producer and consumer regions, with reference to one multinational company that you have studied. - Leaving Cert Geography - Question 13 - 2019
Question 13
Discuss the impact of global trading patterns in relation to both producer and consumer regions, with reference to one multinational company that you have studied.
Worked Solution & Example Answer:Discuss the impact of global trading patterns in relation to both producer and consumer regions, with reference to one multinational company that you have studied. - Leaving Cert Geography - Question 13 - 2019
Step 1
Identify Global Trading Patterns
Answer
Global trading patterns refer to the trends and tendencies in the flow of goods and services between countries. These patterns are influenced by factors such as economic policies, trade agreements, tariffs, and technological advancements. To discuss these patterns, one can examine trade statistics, shifts in manufacturing destinations, and the impacts of globalization.
Step 2
Analysis of Impact on Producer Regions
Answer
In producer regions, global trading patterns can lead to economic growth and development. For example, a multinational company like Apple Inc. may source components from various countries, leading to job creation in those regions. However, these patterns can also result in challenges like dependency on foreign markets and vulnerability to global economic fluctuations.
Step 3
Analysis of Impact on Consumer Regions
Answer
Consumer regions benefit from global trading patterns through access to a broader range of products at competitive prices. Using Apple Inc. as a reference, consumers in developed markets enjoy innovative products often made from materials sourced globally. However, this can also lead to issues such as increased environmental concerns and the loss of local manufacturing jobs.
Step 4
Case Study of a Multinational Company
Answer
For a more concrete understanding, let's take Apple Inc. as a case study. Apple's global supply chain exemplifies how trading patterns affect both the producer regions, where components are manufactured, and consumer regions, where products are sold. The company's reliance on countries like China for assembly and India for production highlights the interconnected nature of global trade. Furthermore, the strategies that Apple employs in managing its supply chain and responding to market demands illustrate the complexities of adapting to changing patterns in trade.