The Mobility of Modern Economic Activity (Leaving Cert Geography): Flashcards

Increasing interdependence of world economies, cultures, populations - driven by trade, investment, technology

Market (consumer preferences), Cost (cheap labour), Government (reduced trade barriers), Competitive (alliances)

Companies operating in multiple countries managing commodity chains from raw materials to finished products

Cheaper labour/raw materials, govt incentives (tax breaks), market expansion, global brand recognition

USA, EU, Japan - dominate global trade, control advanced tech, high productivity/living standards

China and India - emerging economies, exploited by core but exploit peripheral regions

Low tech/productivity, dependent on raw material exports (e.g., Sub-Saharan Africa)

USA, EU, and Asia

Container shipping, air freight, internet, mobile phones for global coordination

Eliminates tariffs, eases movement of goods and services

12.5%

Apple in Cork (European HQ), Pfizer in Ringaskiddy (pharma manufacturing)

ICT (software), agricultural (dairy), pharmaceutical products

Oil extraction in Nigeria causes severe environmental degradation

Amazon - enables global reach without physical presence