GGR325H5 Study Guide - Midterm Guide: Economic Integration, Nutella, Full-Size Car
Document Summary
Coffee = 2nd most traded commodity in the world. Coffee from south america is expensive b/c of the manual labour that goes into picking the beans. There is an uneven geography between those who produce coffee and those who purchase it as coffee is produced in 3rd world countries but consumed in 1st world countries. What is the global reach of certain companies into people"s daily lives: mcdonalds owns a lot of real estate worldwide. Global because the main international suppliers (brazil = sugar; turkey = hazelnut; china = vanillin; Malaysia = palm oil; nigeria = cocao), factories, and main sales office are spread all across the world. Shortage of hazelnuts in turkey = increase of cost in nutella. Trend towards greater economic, cultural, political, and technological interdependence among national institutions and economies. Globalization is not just a business or economic phenomena.
