Revision seminar

Compare the roles of different economic flows in the transfer of capital from core to periphery

Learning objectives: To examine the influence of decision makers in the transfer of capital

Protectionism – A system of protecting domestic producers by limiting, as, the importation of foreign goods and services by imposing tariffs or quotasImperialism - the policy of extending the rule or authority of an empire or nation over foreign countriesEconomic imperialism – a situation where one country has economic power or influence over another Cultural imperialism – the practice of promoting the culture and language of one culture in another

How much can governments influence trade?

Joining trading blocs

• P 45 fig 2.19 • Major trading blocs

• What are the advantages and disadvantages?

HICs, LICs, TNCs?

Free trade zones p47

• Very important for facilitating international division of labour

e.g. Incheon Free Economic Zone – South Korea

Why was it established? How does it achieve its goals? What are the strengths and weaknesses?

Control of migration

• E.g. tier system in the UK • Link to remittances (how?)

• We will come back to this later!

Foreign diplomacy

• http://www.theguardian.com/world/2010/nov/07/obama-india-trip-deals-6bn?intcmp=239

• How can this influence the flow of capital?

Banana Wars

Annotate the map to show the role of bananas in The Caribbean and South AmericaAnnotate to explain the role of the EU Explain the influence of the USA on the war Outline the role of the WTO Draw flows (red to show conflict, blue to show links) http://www.theguardian.com/world/1999/mar/05/eu.wto3

To what extent are the banana wars an example of economic imperialism?