Superpowers- EQ2

Question 1

4 Ways superpowers attempt to control the global economy?

Answer 1

World Bank
IMF
WTO
World Economic Forum

Question 2

3 Ways TNCs dominate the global economy?

Answer 2

Patents
Cultural Exports
Trade Patterns

Question 3

What does global cultural influence (westernisation) include?

Answer 3

The Arts
Food
Media

Question 4

3 Global actions superpowers play a key role in?

Answer 4

Crisis Response
Conflict
Climate Change

Question 5

3 Types of alliances?

Answer 5

Military
Economic
Environmental

Question 6

2 Military alliances?

Answer 6

NATO
ANZUS

Question 7

3 Economic alliances?

Answer 7

EU
USMCA
ASEAN

Question 8

2 Environmental alliances/ agreements?

Answer 8

IPCC (International Panel on Climate Change)
Paris Protocol

Question 9

4 Intuitions that are important for geopolitical stability?

Answer 9

UN
International Court of Justice
Peacekeeping Missions
Climate Change Conference (COP)

Question 10

5 Steps to a SAP (Structural Assistance Programme)?

Answer 10

1) Reduce tariffs & protection for domestic industry
2) Remove or decrease financial regulations
3) Remove or reduce state control of industries and remove price controls
4) Cut social spending to reduce debt
5) Increase interest rates to reduce inflation

Question 11

Effect of reducing tariffs & protection for domestic industry?

Answer 11

Unemployment
Lack of self-sufficiency
Reliance on the West

Question 12

Effect of removing or decreasing financial regulations?

Answer 12

Western Countries/ Corrupt elites can take money out at any time (Capital Flight)
E.g Indonesia 1977

Question 13

Effect of removing state control of industries price controls?

Answer 13

Resources controlled by foreign investors
Loss of sovereignty

Question 14

Effect of cutting social spending to reduce debt?

Answer 14

Poorly skilled generation
More healthcare costs
Increased suffering

Question 15

Effect of increasing interest rates?

Answer 15

Markets abused by entrepreneurial greed
Rapid price rises for basic goods and services