By Peter Dicken
Broadly followed during the global, this definitive textual content comprehensively examines how the worldwide economic climate works and its results on humans and locations. Peter Dicken offers a balanced but serious research of globalization procedures and debates.
The textual content synthesizes a wealth of knowledge on creation, distribution, intake, and innovation, together with unique case experiences of key worldwide industries. scholars find out how the worldwide financial map is being formed and reshaped via dynamic interactions between transnational firms, states, shoppers, exertions, and civil society companies. important positive factors contain approximately 250 quick-reference figures and tables.
The better half web site deals PowerPoint slides of the figures and tables, extra case reviews and questions, annotated internet hyperlinks, and more.
New to This Edition
• Revised all through to include the most recent principles within the box; provides elevated consciousness to international construction networks as an important organizing principle.
• Addresses the present international monetary crisis.
• bankruptcy on environmental affects of world construction networks.
• Case learn bankruptcy at the extractive industries.
• totally up to date empirical information; extra maps and charts.
Read Online or Download Global Shift: Mapping the Changing Contours of the World Economy (6th Edition) PDF
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Extra info for Global Shift: Mapping the Changing Contours of the World Economy (6th Edition)
Example text
However, almost three-quarters of that trade is intra-regional, that is between European countries themselves. Around 7 per cent of Europe’s exports go to North America and 7 per cent to Asia (including Japan). x Asia is the second most significant trade region, with a little under one-half of its trade conducted internally. Just under one-fifth of Asia’s external trade goes to North America and a further 18 per cent to Europe. x North America also conducts around 50 per cent of its trade internally, with an especially large increase in trade involving Mexico.
6 In 1700, Asia dominated; its share of global GDP was 62 per cent compared with the West’s 23 per cent. But by 1950 those positions had been almost exactly reversed: the combined share of global GDP of Western economies was almost 60 per cent; that of Asia (including Japan) was a mere 19 per cent. Much of this was due to the relative economic decline of China and India. In 1700, their combined share of global GDP was almost 50 per cent; by 1950, it had plummeted to less than 10 per cent. They had become totally peripheral.
20 Between 1980 and 2003, China’s growth rate (of GDP as a whole and of manufacturing) was the highest in the world: annual average rates were around 10 per cent. This remarkably high rate continued through to 2007. The 2008 global crisis inevitably had an effect and growth slackened but it was still of the order of 8 per cent and, by 2009, it was even higher. Its average annual rate of growth of merchandise exports was 13 per cent in the 1980s and 14 per cent between 1990 and 2003. Exports as a share of China’s GDP increased from 38 per cent in 2002 to 67 per cent in 2007.