Economic Tigers: Development & GDP

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Questions and Answers

Which of the following is NOT a common trait among the "Four Tigers"?

  • Focusing on agricultural exports (correct)
  • Investing heavily in education
  • Developing particular competitive sectors
  • Investing heavily in infrastructure

Import substitution always leads to a trade surplus and is beneficial in the long term.

False (B)

What was the primary objective of the EEC (European Economic Community), as established by the Treaty of Rome?

To create a common market and customs union among its member states.

The city that experienced a violent military suppression of student protests in 1989 was ______.

<p>Tiananmen Square</p>
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Match each 'Economic Tiger' with its key industry.

<p>South Korea = Electronics and vehicle production Singapore = Manufacturing and logistics Hong Kong = Financial services</p>
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Which of the following factors contributes to global inequality due to geographical constraints?

<p>Landlocked location (D)</p>
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Remittances, unlike Foreign Direct Investment (FDI), typically involve large transfers between companies and wealthy individuals.

<p>False (B)</p>
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What is the Human Development Index (HDI) designed to measure?

<p>Average achievements in key dimensions of human development.</p>
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The term used to describe the world's poorer regions, often characterized by political instability and divided economies, is the ______.

<p>Global South</p>
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Match the concept with its description.

<p>Functionalism = Growth of specialized technical organizations leads to cooperation. Neo-functionalism = Economic integration leads to political cooperation. Integration theory = Supranational institutions replace national ones.</p>
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Which event is known as the "deadliest industrial incident in the history of the garment industry"?

<p>Rana Plaza disaster (A)</p>
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The Maastricht Treaty focused solely on monetary union within the European Union.

<p>False (B)</p>
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What is the role of the European Central Bank in the European Union's monetary system?

<p>It took over functions of state banks.</p>
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The term 'Somalia Syndrome' refers to the reluctance of the Western world to intervene in ______ crises after a disastrous experience in Somalia.

<p>humanitarian</p>
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Match the cause of migration with its category:

<p>Bad governance = Push factor Economic opportunity = Pull factor</p>
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According to pro-globalization perspectives, how does globalization impact economic growth?

<p>It fosters economic growth, enhances international cooperation, and promotes shared cultural understanding. (A)</p>
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Fast fashion reduces environmental pollution due to its focus on sustainability and eco-friendly practices.

<p>False (B)</p>
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What is a major challenge associated with the Digital Divide?

<p>A persistent gap in access to information technologies.</p>
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The ultimate expression of integration would emerge of several states into a ______.

<p>single state</p>
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Match each factor with example.

<p>Infectious Diseases = Ebola and Influenza Noncommunicable Diseases = Cardiovascular Diseases, Diabetes</p>
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Flashcards

What are the Four Tigers?

South Korea, Singapore, Hong Kong and Taiwan

What is GDP?

Total monetary value of goods/services in a country in a period

What is import substitution?

Develop local industries with protectionist policies

What is Tiananmen Square?

Students protesting, suppressed violently, in 1989

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Impact of Fast Fashion

Reliance on fossil fuels pollutes the environment

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Geography & Inequality

High transport costs, landlocked status

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Why Does Global Inequality Matter?

Limits political participation

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Human Development Index

A composite statistic to measure average achievements

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What are the SDGs?

UN targets for 17 basic needs by 2030

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Poverty Factors

Civil war, corruption

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What are remittances?

Money sent home to family

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What is the Global South?

Poor regions of the world

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Pro-Globalization Benefits

Economic growth, cooperation

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What is Anti-globalization?

Policies to expand free trade

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Population Movement Categories

Migrants, refugees, asylum seekers, displaced persons, immigrants

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Functionalist Theory

Growth of specialized organizations crossing borders

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Neo-Functionalism

Political cooperation from economic integration

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Integration Theory

Shifting sovereignty to supranational bodies

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Supranationalism

Institutions with subordinate state authority

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Treaty of Rome

Established common market & customs union

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Study Notes

  • Four countries are considered "economic tigers," each developing specific competitive sectors and industries.
  • The "economic tigers" invested heavily in infrastructure and education to produce skilled workers.

Four Tigers - Countries

  • South Korea focuses on electronics, vehicle production, telecommunications, shipbuilding, steel, and chemicals.
  • Singapore excels in manufacturing (chemicals, logistics, electronics, biochemical sciences, and transport engineering).
  • Hong Kong is known for financial services, tourism, trading, logistics, and professional/producer services.

GDP (Gross Domestic Product)

  • It measures the total monetary value of final goods and services produced within a country's borders in a specific period.

Import Substitution

  • It involves developing local industries behind protectionist barriers to produce goods a country had been importing.
  • It creates a trade surplus.
  • Import substitution is most effective early on but can become counterproductive later.

Tiananmen Square (1989)

  • Students protested against the government.
  • Authorities violently suppressed protesters, killing hundreds and signaling the government's resolve to maintain political control during economic reform.

Rana Plaza Disaster

  • It was described as the "deadliest industrial incident in the history of the garment industry."
  • More than 1,000 people died, and thousands were injured.

Fast Fashion

  • Fast fashion pollutes heavily through the use of fossil fuels.

Geography’s Impact on Global Inequality

  • High transportation costs, being landlocked, and distance from markets all contribute to global inequality.

Opium and Tomatoes

  • A kilo of opium can retail for over $1,400 on the black market.
  • The retail price for a kilo of tomatoes is $2.40-$4.00.

Political Impact of Global Inequality

  • It limits political participation and prevents impartial institutions from functioning properly.
  • It enables the wealthy to avoid compromise and creates a lack of transparency.

Fast Fashion Dumping Group

  • Chile, the Philippines and India are the dumping group for fast fashion.

Human Development Index

  • It’s a statistic measuring average achievements in key areas of human development (health, knowledge, and living standard).

Sustainable Development Goals

  • The UN set goals with targets for 17 basic needs to be achieved by 2030.

Basic Human Needs

  • Basic human needs must be met to establish a firm foundation for economic growth.
  • Extreme poverty fuels revolution, terrorism, and anti-Western sentiments.
  • Education enables meeting basic needs through democratic transition.

Factors Perpetuating Extreme Poverty

  • Civil war, corruption, the "resource curse" (oil), and landlocked locations without trade access are causes of poverty.

Remittances

  • Remittances are money sent home by migrants to their families, a key income source for many poor countries.
  • In 2016, $500 billion in remittances were sent.
  • Remittances differ from FDI as they are usually between families rather than companies or wealthy individuals.

Global South

  • It describes the world's poorer regions, also called Third World or underdeveloped countries.
  • The "South" lacks technology, is politically unstable, its economies are divided.

Pro-globalization

  • It fosters economic growth, increases international cooperation, and promotes shared cultural understanding.

Anti-globalization

  • Policies to expand free trade are a key focus. WTO meetings remain a target of anti-globalization protesters.

Population Movement Categories

  • Migrants, refugees, asylum seekers, displaced persons, and immigrants make up the population movement categories.

Functionalist Theory

  • The growth of specialized technical organizations creates international borders.
  • Technological, economic development drive creation of supranational structures.
  • States address shared needs like mail or river coordination through technical organizations.
  • Functionalism predicts states will strengthen international economic structures.

Neo-functionalism

  • Political cooperation/government and economic integration generates political integration (“spillover effect”).

Integration Theory

  • Supranational institutions replace national ones, slowly shifting sovereignty from states to regional/global structures.
  • Complete integration would merge entities into a single world government.
  • Modest examples are the WTO and OPEC, but they don't challenge political sovereignty much.
  • States can voluntarily choose supranationalism and can be international, regional, or global structures.

Supranational Organizations

  • Larger institutions subordinate state authority/identity (e.g., the EU).
  • The UN has limited supranational aspects due to its charter's emphasis on state sovereignty.
  • The UN is somewhat more supranational on a regional level.

Treaty of Rome

  • The treaty established the European Economic Community (EEC), a predecessor to the EU.
  • Belgium, France, Italy, Luxembourg, the Netherlands, and West Germany signed it.
  • It came into force on January 1, 1958.
  • The EEC Treaty sought to create a common market and customs union for its member states.

Maastricht Treaty

  • It committed to better integration in monetary union, justice and home affairs, and political/military integration.
  • Implementation progressed slowly with fewer countries involved.

European Union

  • The Euro became the european currency.
  • Euro has replaced national currencies in 14 EU member states and came into full circulation in 2002.
  • The European Central Bank took over functions of states banks.
  • Monetary union is difficult for economic and political reasons.

Digital Divide

  • The digital divide is a gap in access to information technologies within countries.
  • The "hole-in-the-wall experiment" in India is small in scale.

Information as a Tool Against Governments

  • Foreign governments, NGOs, and political opponents use information.
  • Repressive governments fear the free flow of unfavorable information and try to limit it.

Euro

  • Euro is now a single European currency

CNN Effect

  • No one will pay attention if CNN isn't present.

Mission Creep

  • A given mission evolves into more.

Operation Restore Hope

  • The focus was on success, and force protection.

Set of Measures

  • Set of measures are designed to safeguard military personnel, equipment, facilities, and operations from threats and hazards, ensuring operational effectiveness and mission success.

Operation Gothic Serpent

  • U.S. Marines left in April 1993.
  • A multinational UN peacekeeping force called UNOSOM II oversaw food distribution.

Somalia Syndrome

  • Refers to the Western world's reluctance, particularly the United States', to intervene in humanitarian crises/conflicts following the disastrous experience in Somalia in the 1990s.

Operation Uphold Democracy

  • Protect force first

Infectious Diseases

  • Disorders caused by organisms (viruses, fungi, or parasites) and can be transmitted from animal/person to person.
  • Coronavirus, SARS, influenza, the common cold, and hepatitis A and B are examples.
  • Globalization has caused the reemergence of diseases with growing resistance to common antibiotics.

Noncommunicable Diseases

  • Noninfectious health conditions can’t be spread and last a long time.
  • Chronic diseases stem from genetic, physiological, lifestyle, and environmental factors.
  • The global cost of five non-communicable diseases will exceed $47 trillion in 20 years.
    • The diseases include CVD (cardiovascular disease), diabetes, chronic respiratory disease, cancer, and mental illness.
  • Risk factors include tobacco use, harmful alcohol use, unhealthy diet, and physical inactivity.

Auto Accidents

  • Auto accidents are a high cause of death for young people.

Ebola

  • Bats and non-human primates are the likely source.
  • It spreads through fluids, with fever and sore throat symptoms appearing 2-3 weeks after contracting the virus.

Coronavirus Origin Possibilities

  • The virus came from a bat infecting a human/intermediate animal or a lab researching viruses.

Media's Role in Global Health

Cluster Munitions

  • A cluster munition resembles a pea pod.
  • The main issue with cluster munitions is that they often don't explode on impact, posing long-term risks.

Fatal Footprint, Boomerang Effect

  • Cluster munitions are more likely to be set off by accident by the poor.

ICBL - International Campaign to Ban Landmines

  • It’s an international campaign to ban landmines.
  • Landmines are explosive devices that can be set off by innocent civilians.

Three Unlawful Weapons

  • Weapons that cause unnecessary suffering, are indiscriminate, or dis-porportionate are illegal.

1980 Convention on Conventional Weapons

  • The convention includes a landmines protocol.
  • Protocol I restricts landmines and booby traps.

Urbanization

  • Movement occurs from rural areas to cities for economic opportunities.

Migration, Factors of Migration

  • Types of migration include regional, rural to urban, seasonal, transit, forced/induced, and return migration.
  • Push factors: bad governance, oppression, violence, instability, poverty, disasters, lack of education, economic opportunities.
  • Pull factors: economic opportunity, higher wages, freedom, stability, healthy environment, education, family reunion.

Theories of Integration

Integration involves functionalism, neo-functionalism, and integration theory.

  • Functionalism: grows specialized organizations as cross-national processes need managed.
  • Neo-functionalism: claims economic integration integrates politically (spillover effect).
  • Integration theory: supranational institutions replace national ones, international cooperation gets facilitated.

Regional and Global Integration

  • Example of regional and global integration is the European Union.

Treaty of Rome

  • The treaty established the EEC in 1958, aiming for a common market among six European countries (EU).
  • Maastricht Treaty: committed the EU to further integration into monetary union, justice/home affairs, political/military integration.

Economic Cooperation Organizations

  • The WTO and OPEC facilitate international cooperation, though they challenge sovereignty on select issues.
  • The UN has limited supranational aspects due to emphasis on state sovereignty.

Globalization: Benefits

  • Pro-globalization: fosters economic growth, promotes international cooperation, and shares cultural understanding.
  • Technological Advancements: economies integrate, the internet is stronger international economic structures.

Globalization: Challenges and Criticisms

  • Disintegration: the Integration’s paradox is collaboration versus divisions as identities resist uniformity.
  • The Digital Divide worsens inequality gaps in access to information technologies.
  • Fast Fashion: pollution caused by fossil fuels is a significant problem.
  • Health Risks is causing a resurgence in diseases and common antibiotic resistance.

Economic Inequalities, Economic Divisions

  • The Global South (countries) faces challenges like lacking technology, unstable government, and divided economies.
  • Globalization supports the idea that the globalization is causes economic growth.
  • Economic inequalities are caused by free trade policies.

Types of Migration

  • Migration; regional, rural to urban, seasonal, transit, forced induced, and return migration.
  • Push from bad governance, and the pull from political oppression.

Health in the Global Context, challenges

  • Ebola and influenza pose significant health challenges.
  • COVID-19 highlighted potential rapid spread from animals, sometimes from research labs.

Noncommunicable Diseases Include:

  • Cardiovascular diseases, diabetes, chronic respiratory diseases, and mental illness.
  • Rising prevalence is a significant economic burden as these diseases cost billions.

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