Social and economic groupings

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who is in the G7?
USA, UK,Japan,Germany,Canada,France and Italy
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what will happen in 2050?
the BRICs will be in the G8 and only USA and Japan will remain from the current members
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what are Brazil and Russia?
two of the worlds largest suppliers of raw materials
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what % of chinese investment is in latin america, caribean and africa?
50%
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when was oil discovered in dubai
1960s and foreign workers moved here to take advantage of increased employment opp
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what years did population grow?
1968-75
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what did dubai build with new-found wealth?
man-made harbours as well as the worlds tallest building
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what does dubai earn most of its GDP from?
trade, real estate and financial services
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how much did GDP surge by in the Phillipines?
7.2% despite 2013 typhoon Haiyan
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how much did FDI increase by in 2013?
17%
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how much is the economy forecast to grow by in the next several yrs?
6%
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what is a free trade area?
countries agree to abolish tariffs"as on trade between themsleves and restrict goods from outside
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example of free trade area
NAFTA and EFTA
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what is a customs union?
member countries operate a tariff on imports from outside the group
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example
South American Regional Free Trade Agreement
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what is a common market?
like customs union but they allow the free movement of labour and capital
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what is an economic union?
members are required to do all of the above, and to adopt common policies in agri/transport/pollution
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example of an economic union?
EU
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ASEAN
association of Southeast Asian Nations
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CARICOM
caribean community
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how much of global exports were n.america, east asia and europe?
81% global exports
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when was WTO formed?
1993, aimed to cut trade barriers and to help goods flow more easily.
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OPEC
established to regulate the global oil market, stabilise prices and ensure a fair return
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how many members in OPEC?
11
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how much of the worlds oil do they supply?
40%
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who is in G8+5?
G8 plus India/Mexico etc
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how much of world trade do G8+5 represent?
65%
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what is G20?
23 members from developing world, formed in 2004, focused on agricultural trade
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IMF
forces gov. to sell of assets, which are then bought by large TNCs and open up trade in return for re-financing debt
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where does the bulk of WTO's work come from?
1986-94 'Uruguay Round'
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what does it involve itself in?
protect consumers from disease e.g controling flow of meat
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what is Group 77
set up by UN to represent nterests of poorest countries
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who is an important ally?
china
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when was the EU set up?
1956 as the "common market"
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how many original members?
6 including Italy, Luxembourg and Netherlands
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who joined in 1973?
denmark, usa and ireland
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when was the euro launched?
1999 and eurozone since grown to 15 countries
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what is the eurozone designed to do?
help build single market by easing travel of citizens and eliminating exchange rate problems
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what is its agricultural policy?
'Common Agicultural Policy ' is one of its oldest policies, 1962
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what is its objective?
increasing agri production & providing certainty of food supplies/ensuring high quality of life for farmers
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how much of CAP is the EUs budget?
35%
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what has this lead to?
overproduction, leading to wine lakes and butter mountains
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what has it been criticised for?
undercutting farmers in the developing world as in order to rid surpluses it sells at cheap prices
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example of differences withint he eu?
Brussels/London richest and newer members such as Bulgaria are poorest
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how much does britain contribute to the EU?
£25 billion
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how much of world trade is the EU
38%
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how much of EU budget spent on helping poorer nations?
36%
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what was created for investing in infrastructure and innovation?
European Regional Development Fund
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what invests in skills training and job creation?
European Skill Fund
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how much has been cut from the cost of flights to europe?
80%
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how many british jobs linked with trade within the EU
3 million
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what is the richest part of the EU called?
'hot bannana'
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who is in thus?
runs from south east britain, through Benlux countries, northern france, the RHine and Ruhr to Milan
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what does the european investment bank do
provides grants and loans for projects in under developed regions such as Taranto Steel Works in southern Italy
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when was NAFTA formed?
1994
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example of benefit
trade between member countries tripled between 1993-2007
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Card 2

Front

what will happen in 2050?

Back

the BRICs will be in the G8 and only USA and Japan will remain from the current members

Card 3

Front

what are Brazil and Russia?

Back

Preview of the front of card 3

Card 4

Front

what % of chinese investment is in latin america, caribean and africa?

Back

Preview of the front of card 4

Card 5

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when was oil discovered in dubai

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Preview of the front of card 5
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