In global shipping, using strategic waterways like the Panama Canal typically
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5
The Panama Canal is strategically important because it:
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15
What is the area in world currently with the most piracy?
Gulf of Aden (off Yemen, connecting Indian Ocean and Arabian Sea)
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5
Which ancient route was a precursor to current global trade routes?
The Silk Road
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10
What percentage of international trade travels by sea?
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25
What are some benefits of globalisation?
Increased economic growth, reduced costs of goods through efficient production, expanded access to technology and information
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Control over strategic trade routes demonstrates how
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10
Name some important spices and other products from ancient trade
Nutmeg, salt, silk, tin
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Strategic chokepoints in global trade connect to broader themes of
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15
Name the countries that are involved in the production of an i-phone
China (final assembly), South Korea and Japan (semiconductors and displays), Taiwan (chips), Germany (sensors), many African nations (rare earth minerals), US
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What are some weaknesses of globalisation
increased economic inequality within countries, created vulnerability to global economic shocks, environmental degradation, eroded local cultures
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How has globalisation impacted poverty over last 80 years?
Lifted hundreds of millions out of extreme poverty, partic Asia, by creating manufacturing jobs & economic opportunities. Has also increased inequalities
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15
Explain how containerisation revolutionised global trade
Dramatically reduced loading/unloading times, cut shipping costs, enabled complex global supply chains we see today, making international trade faster & cheaper
