Geography 2143A/B- Midterm Exam Guide - Comprehensive Notes for the exam ( 17 pages long!)
6 Oct 2017
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Information technology agreement (ita) global trade pact signed in 1996 to liberalise i(cid:374)ter(cid:374)atio(cid:374)al trade of te(cid:272)h(cid:374)olog(cid:455), (cid:455)et (cid:374)e(cid:449) produ(cid:272)ts are(cid:374)"t (cid:272)o(cid:448)ered, china stopped a scope expansion: new trade agreements have small economic benefit ~0. 5-1. 3% 18th century shipping mapped using 21st century technology. For every economic growth laggard, there is a gazelle: Extrapolate pre-crisis growth rates to present day, despite declined productivity. Russia has fallen hard, due to falling oil prices and sanctions for military actions in ukraine. Brazil went from poster child to corporate scandals, bad policy framework. Nigeria and south africa also effected by low commodity prices. China unaffected by commodity prices, however growth is less than predicted: exceeding expectations: India helped by low commodity prices and good policy framework. Worries about globalization hitting the skids: fdi down billion (40%) since peak before recession. History of globalization: historically technology drives globalization. 1800, steam telegraph and fridges (cid:1005)(cid:1013)(cid:1012)(cid:1004)/(cid:1013)(cid:1004)"s, shippi(cid:374)g (cid:272)o(cid:374)tai(cid:374)ers.
