Share Global Politics QUIZ 3 (Globalisation & trade)
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The Panama Canal is strategically important because it:
Only serves North American trade
Is the world's largest canal
Connects over 2000 ports in 170 countries
Handles only oil shipments
In global shipping, using strategic waterways like the Panama Canal typically
Only benefits small companies
Saves time but costs more money
Increases shipping costs significantly
Are always the cheapest option
Control over strategic trade routes demonstrates how
Technology eliminates transportation needs
Economic interdependence creates geopolitical power
Cultural exchange drives economics
Geography no longer matters in global trade
Strategic chokepoints in global trade connect to broader themes of
Who controls global economic flows and rule-making
Cultural globalisation
Technological innovation
Environmental sustainability
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
How many countries might a t-shirt have travelled through (and been worked on) before it arrives in Australia?
~7
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
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
What are some benefits of globalisation?
Increased economic growth, reduced costs of goods through efficient production, expanded access to technology and information
What are some weaknesses of globalisation
increased economic inequality within countries, created vulnerability to global economic shocks, environmental degradation, eroded local cultures
What is the area in world currently with the most piracy?
Gulf of Aden (off Yemen, connecting Indian Ocean and Arabian Sea)
Which ancient route was a precursor to current global trade routes?
The Silk Road
Name some important spices and other products from ancient trade
Nutmeg, salt, silk, tin
What percentage of international trade travels by sea?
97%
56%
35%
90%
