GEOG 216 Lecture 6: Lecture 6
17 Jan 2018
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Lecture 6 recent patterns and trends: a global perspective. Historical relationship btw global trade and output. Most dvped economies have 2/3 based on services. Represent 85% of world output (in terms of gdp) and of trade = 85% of manufacturing pdtion. Us -> world largest manufacturing producer of goods. China-> 2nd (china"s manufacturing activity has grown rapidly was 4th before, now 2nd) Value added= value of the output value of the input (includes the energy cost etc) For much of the 20th c, us, japan and germany dominated. Growing importance of nies (brics) with china leading the way. Trade deficit: you have to borrow from abroad to continue consuming. If exports>imports trade surplus (ex: germany, russia, china -most of asia) Europe (eu), north america (nafa , east and southeast asia (asean. Most world trade is either within or btw these 3 trade blocs. Growing importance of the local in terms of centers of pdtion activities.
