2-2 Flashcards

(7 cards)

1
Q

Historical context?

A

Early trade routes and colonial systems linked distant regions, shaping global trade. Like the Silk Road that connected china with Europe.

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2
Q

Trade agreements?

A

Reduction of tariffs and creation of free trade ones encourage flow of goods/services, changes where goods are produced/consumed. NAFTA(USMCA) reduced tariffs between USA, Mexico and Canada, increasing trade.

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3
Q

Expansion of shipping infrastructure?

A

investment in ports, shipping lanes, and logistics hubs to help move goods quickly, so products made in one place can be consumed globally. Huge container ports in Shanghai allow products to ship globally.

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4
Q

Global supply chains?

A

Production is split across many countries. different stages of production occur in different regions to save costs connecting countries in complex trade networks. An iPhone is designed in the USA, has parts from Japan and SK and is assembled in china.

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5
Q

shift of manufacturing?

A

many factories moved from developed countries to developing countries for cheaper labour and productions costs. many clothing factories moved from Europe to Bangladesh.

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6
Q

spread of global brands?

A

international brands spread products, lifestyles and tastes worldwide. wearing Adidas is popular everywhere.

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7
Q

Media and entertainment?

A
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