Geography 3422A/B Lecture Notes - Lecture 4: Jack Welch, Genpact, Offshoring
2 Feb 2017
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Document Summary
Week 4 the changing global economic map. Developed world is taking more than 50% of the world"s economy: britain voted to leave common market. Canada accounts for 2. 5% of the world. Us much less depended on export: not a big component of the trade, trade deficit for more than 30 years. Us not self-sufficient in oil and gas for about 20 years. But now self-efficient and has an export for oil and gas. China the only country that increased its share in a global scale: largest manufacturing country. It work, medical diagnosis: us runs a surplus. Not in deficit in every area of trade: canada exports to us, australia exports to china. Buying coal and natural gas from australia: canada not a major exporter of commercial service. Japan always at number two as economic powerhouse. Japan fallen to be third largest after china. Continued dominance of us as largest economy (. 77 trillion) Western european economies uneven in economic performance.
