Summary Advanced Human Geography Global Interdependence Essential Revision Notes A*

, GLOBAL TRADE balance between imports experts WALLD TRADE ALCANISATION nule of trade
affecting trade
I
+ . ensues
global ,
by Ens .


①
ensuring
=>

A 13 % of global tade Locational
trade is A
advantage affecting markets
=
. that +
disputes ar .
ED access to resauces + .


/25 obseve).
-
-

of global oil 1995, 98 % 159 canties lage impartes
=>
-
>

12% coastal
-ARABIA global
=
tade whether
-




began in ,
LANDLOCKED or + near .

-
-3 -
=
tillion 18 4 tillar ↑
1983 2020 Canada
manufacturing proximity
=
1 8 close to US
.
- -



. .
-
as

-




international tade
- - &



↑ 7 tariffs %-
-



2%
by regulations largest part in
:
2021 avoids tade Singapore E58 killion tade with US
=
.
. ADVANTAGES was 50 -
=
,
,




9 %, prevents $340 billion loss/year St Asia Starts
of Malacea .
200 lines
- -




. , ,




products (wood cil) ①
VISIBLE
goods At due to protectionism (steel Political isolation
limiting tade with inder world
.
=
+ DISADVANTAGES " tade was war 18000 and


products (education job leses) imports/exports
-

nations ($41
goods billion subsidies to rich
=
INVISIBLE INTANGUBLE
-
EU , Javous developed will be no in a CLOSED
economy
.
-
countries cotton fame) ,
narrow corporate interests , puts GDP over the due to political ideology +
leadership style
.


Trade SURPLUS
) environment Join (4x imports but real incomes t )
=>
th A
=

experts > imports CENSORSHIP due to nationalism
.
=
.
in terme , fored India to

=

imports % expats
=>
Trade DEACIT 18 % (embago ).
of .
value impacts
=

experts A + 5 (U


(4 living standade), ①
tade paurs/empies
=
. FT premium Historical factes colonial
&
.
ANCE of this
difference CAIRTRADE
=
ENT through due te

=>
-
>

traded
=
10-20 % protection tade unions 110 billion with Commonwealth
-




.
global experts
=
La . ↓MENTAL + ENG begaining -
UE .


=




/ % global
-




50 % experts from tobacco.
exprespati
=

-
Malawi

⑪
ALITIES
↓
=
LICs are
often left out + don't benefit. changes in
global maket due is
emerging markets (BRICs)
.
= z


inflation , exchange rates + NIC
emegener

particular
- S
-
=
%
COMPARATIVE advantage ability to preduce Have been But
only China .
8 1 earomic growth rate
-
a a .
-




tillion
=
.
=

good/ service 618 13 .
1 TRADE FLOWS AND TRADING 358 India
-
1991 opened up + $2 6 .
in GDP
.


(HYPERinflation).
-




disputes
-

rulings
-



↓$50 billion
-> =
at ↓ AnTUNITY LT.
a PATTERNS Venesuala
- exports
⑦
ABSOLUTE advantage = ability to produce a
greater quantity Since & ESSENTIALS BY OSCAR ·
by WTO
. Trade agreements ↓
allow prices + ↑ experts
.

=


of a particular good/service
. Trading BLOCs such on NASTA + EU .




-
-


tariffs $360 billion Chinese .
goods
-


with the "a counties which
>
S ENT TRADE BLOCS of to reduce vS =

of
-



.
group agree or on



eliminate tade barries ⑳
amongst the member of the blee Recarce endeument
giving a COMPARATIVE advantage
.




↳ specialisation
-
=> -

Impacts
-
of trade
. INTERNAL
-
=
rules for internal members
. which -
members allows for but had to .
develop
-
>

settle AT through palm oil experts
-
- -


Indonesia ↑A
=

for must follow to
=
ANAL non-members
. But leads PRIMARY PRODUCT DEPENDENCE.
-


+ reles

1) "
plantations Commen maket 90 %
-



trade China of eath metals
>
built.
Preferential
=

allege
.
-




as are ara rare +


1) i) 31 % .
of global
=
last I
biodwisity Gree tade . Saudi Arabia oil production
=
40 million hetaes Economic
=

,
+ area union - -




6)
↑ 2 .
emissions "Custome unin -
Full
integration
.

,
employment opportunities
=
Cambia ↑ t due to terrsm I CLASALISATION responsible for changes
·

globe
-



I still foke. living standads maket.
=
+ ADVANTAGES , in

-

competition specialisation T consumption EOS
emerging markets BRI nations
=
=
series expensive for keals AAL Sobe
. ,
, , ,
3 million jobs from
=
.


tillion productive assets . .
-




(2
>

300 contol environmental to
=
INCs 15 , ↑ EV egulations I conflict ↑ at 2 % compared %
-




Joke
, influence 4
-



+ 1
, , grew . .
)




↑ EMENT tade % to 52 %.
-



↑immigration
E
# control t
-

+ can help a
county exploit. DISADVANTAGES ,
I
global ,
tade ,
was
from 64


-t , environmental AARON stacised tillion ↑ acrepresentation
waking conditions , countries to rests / food miles MNCs
largest control 15 %
of global productive mets
=

, ,
,
300


)
= >

US has 15 % vote shar in WB) structural
profit At from country + ↓ benefit. ,
↓ severighty + .
separatism going through huge change