GEOG 216 Lecture Notes - Lecture 6: Berlin Wall, Wage Labour, North American Free Trade Agreement
15 May 2016
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Document Summary
Macro-scale the global triad or three-legged colossus. North america, europe and asia as the three pillars of the world economy represent by themselves about 85% of the worlds production (gdp) and trade. World manufacturing activity the us is considered the worlds largest producer of goods. In asia, china is number 2 in value-added goods, followed by japan and the pillar in europe germany. These 4 regions essentially account for a very large scale of total world producing and manufacturing value-added. Value-added the difference between value of the input and the value of the output. The costs of production lie in the cost of energy used and raw materials etc. (use slides as reference to values) The developed economies have a much larger share of service sector activities and secondary activities. A major shift in the special distribution of production activities has occurred in the last 40 years. Usa on a see-saw of world manufacturing activity.
