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15 cards from this deck
Growing interdependence & integration of economies, cultures globally
Goods, services, capital, technology, information, people
Core-periphery structure
USA, Germany, Japan
High wages, advanced infrastructure, innovation, MNC HQs
Raw materials and low-cost labour
Sub-Saharan Africa, parts of Asia
Lack infrastructure, political instability, poor education
Walmart, Toyota, ExxonMobil
Larger than GDP of many countries
1970s: developed; 2000s: developing (Asia, Latin America)
McDonald's and Coca-Cola
India, China (newly industrialised countries)
Reduced trade barriers, privatisation, open-market policies
Low wages and poor working conditions in developing countries
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