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A2 Globalisation Revision
Guide
Key Terms and Organisations

Key Terms and Definitions:
Import To ship (commodities) into a country from abroad.
Export To ship (commodities) to other countries or places for sale, exchange, etc.
Balance of Payments an accounting record of all monetary transactions between a country
and the rest…

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global GDP when measured in terms of purchasing power parity. The EU is composed of 27 sovereign
Member States: Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, Estonia, Finland,
France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the
Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the…

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The members of the IMF are the 187 members of the UN and Republic of Kosovo. Former members are
Cuba (which left in 1964) and the Republic of China which was ejected from the UN after losing support
of then US President Jimmy Carter, and replaced by the People's Republic…

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Disadvantages of WTO:
The WTO is fundamentally Undemocratic.
Industrialized countries benefit more than poor countries.
Try to monopolize all basic services.
Developed countries have an advantage over developing countries.
Don't allow the participation of developing countries.
NAFTA
The North American Free Trade Agreement or NAFTA is an agreement signed by…

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US wages were suppressed. Companies used the threat of moving to Mexico during union
organising drives. When it became a choice between joining the union and losing the factory,
workers chose the factory. Without union support, the workers had little bargaining power.
This suppressed wage growth. Between 1993 and 1995,…

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markets have caused it to adopt policies which dictate that poverty is best alleviated by the
implementation of "market" policies.
Some analysis shows that the World Bank has increased poverty and been detrimental to the
environment, public health and cultural diversity. Some critics also claim that the World Bank
has…

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Producers can benefit from the application of scale economies, which will lead to lower costs
and lower prices for consumers.
Employment may be created as a consequence of increased trade between member
economies.
Firms inside the bloc are protected from cheaper imports from outside, such as the protection of
the…

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labor disputes between independent parties and asserting that such an intrusion would be
improper."
On February 25, 2010, a new lawsuit was launched on behalf of 8 plaintiffs against The
CocaCola Co. and Coke processing and bottling plants in Guatemala, with charges of murder,
rape, and torture of union leaders…

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stateowned plantations, had become El Salvador's secondlargest export crop after coffee.
Beginning in 1995, most of the plantations were privatized.
CocaCola does not own any of these plantations nor does it buy the cane directly from them.
Instead, it buys the sugar milled from the cane from El Salvador's largest…

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rainfall. Critics respond that Coke shouldn't be locating bottling plants in
droughtstricken areas.
In Plachimada, CocaCola is allegedly responsible for creating problems for
communities by creating severe water shortages and polluting the groundwater and
soil, destroying farms by draining them out completely.
The plant here used about 900,000 litres of…

Comments

Mr A Gibson

These are very thorough indeed. A really good set of notes that you need to have in your folder if you are studying globalisation. Loads of great case studies with accompanying detail.

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