Patterns of World Trade (Leaving Cert Geography): Flashcards

Global economy as interdependent system of competing countries

Networks of labour/production from raw materials to finished goods

High productivity, diversified economies, high living standards

USA, Germany, Japan

Low technology, low productivity, low living standards

Sub-Saharan Africa, parts of Southeast Asia

Intermediaries: exploit periphery, exploited by core

India, Brazil, South Africa

Services, innovation, and consumption

Grown in Ethiopia → processed in Brazil → sold in USA/Europe

World Bank, IMF

Afghanistan, Syria

Boosts GDP through exports and FDI

Low wages and poor working conditions in peripheral regions

Peripheral regions reliant on core for capital and technology