GEOG 216 Lecture Notes - Lecture 6: North American Free Trade Agreement

• School: McGill University
• Department: Geography
• Course: GEOG 216
• Professor: Sebastien Breau

Document Summary

Lecture 6 recent patterns & trends: a global perspective. The changing contours of the global economic map: Macro scale: emergence of a global trend. National scale: shifts in manufacturing production, shifts in international trade, historic relationship between global trade and output. Micro scale: increasing importance of world cities. Global triad: north america, europe, east/south east asia. Value-added: what is added at each stage of the production process. World"s (cid:373)ost i(cid:373)porta(cid:374)t productio(cid:374) leaders: chi(cid:374)a, usa, japa(cid:374), ger(cid:373)a(cid:374)y, italy . Value-added from china increased from <5% in 1970 to ~20% in 2010, surpasses usa in 2011. Global triad = roughly 85% of manufacturing production. For much of the 20th century, us, japan, and germany dominated. Growing importance of nies with china leading the way. Growth of manufacturing in east and southeast asia outpaces all other regions. Ireland = irish tiger, lowered corporate taxes in order to attract more firms trade surplus.