Global groupings

This is the second section of the specification: global groupings. 

LDCs
World's poorest countries which include 50 states. E.g. Ethiopia
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NICs
Average incomes grown at an unprecedented rates. E.g. Mexico
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Ex Soviet states
Usually score low in GDP and HDI; created after break up of Soviet Union.
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OPEC
Petroleum exporting countries, wealth is fully distributed (Saudi Arabia) or wealth is not distributed correctly, e.g. Nigeria
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OECD
Used for economic development and help promote policies.
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G8
They also help promote policies also and help guide other countries; very influential.
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NAFTA: who does it contain?
USA + Canada + Mexico = NAFTA
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NAFTA: what are the advantages?
Products cheaply manufactured in branch plants in Mexico and designed/marketed in USA: spatial division of labour.
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NAFTA: example
Ford's HQ in Michigan, Detroit, USA and branch plants in Mexico City, Mexico.
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TNC definition
Company that has operations in more than one country. Also known as architects of
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TNC key facts (relating to case study Exxon Mobil)
Six of the ten biggest TNCs assets are from oil/power industries. In 2006, Exxon Mobil was the top TNC calculated by revenue ($377 billion). In 2011, they earned $1,300 profits a second and in 2012 they earned $104 million in profit a day.
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TNC key facts (relating to case study Exxon Mobil)
Most of the world' TNCs are based in wealthy countries. E.g. Exxon Mobil HQ is located in Irving, Texas, USA.
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TNC key facts (relating to case study Exxon Mobil)
Most manufacturing TNCs are assembly industries on a chain of suppliers. E.g. Exxon Mobil acquired vertical integration by buying SeaRiver Maritime and Imperial Oil limited (petroleum shipping companies).
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TNC key facts (relating to case study Exxon Mobil)
Largest TNC on the planet
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How many employers?
82,000 worldwide.
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TNC key facts (relating to case study Exxon Mobil)
It produces 3% of the world's oil and 2% of the world's energy.
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Social conflicts of Exxon Mobil
June 2001, Indonesian military force: ****, torture and murder.
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Environmental conflicts of Exxon Mobil
March 1989, Valdex oil spill in Prince William Sound.
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Other cards in this set

Card 2

Front

Average incomes grown at an unprecedented rates. E.g. Mexico

Back

NICs

Card 3

Front

Usually score low in GDP and HDI; created after break up of Soviet Union.

Back

Preview of the back of card 3

Card 4

Front

Petroleum exporting countries, wealth is fully distributed (Saudi Arabia) or wealth is not distributed correctly, e.g. Nigeria

Back

Preview of the back of card 4

Card 5

Front

Used for economic development and help promote policies.

Back

Preview of the back of card 5
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Bethany Cunningham

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