FDI increased from $25 billion to $650 billion from 1990-2015
Global trade in goods hit quarterly high of $5.6 trillion in November 2021
24,405gigabits of data/ sec were exchanged between USA and Europe in 2014(only 4000 in 2008)
Largest regional flow of labour: 5 million migrated from south to west asia between 2005-2010
By 2040 India is predicted to be the secondlargest economy in the world, largely due to its service sector
Containerisation
Standardised sized containers to replace breakbulk shipping
MalcomMclean came up with the idea for a standardised sized container(8ft/8ft/20ft) to replace break bulk shipping
Containerisation
Good for organisation/security
Bad as many ports put out of business as demandforwork was decreased
10,000 shipping containers lost per year
7/10 busiest ports are in China
80% of trade travels by shipping container
1/3 of world goods are traded by air travel
87 containers of plastic pellets lost in Sri Lanka
Felixstowe: UK largest port
Rotterdam: EU largest port
Shanghai: worldsbusiest port
South China Sea
$5 trillion in trade passes through SCS every year
nine dash line: a historic claim from China which claims 80% of SCS
Islands were developed for military use(at least 3 islands solely for military use)
12% of all fish caught in SCS
25% of oil passes through SCS
3,365 species of fish
China deals with disputing countries separately so they have less power (eg. Taiwan)
190 trillion ft3 of gas in SCS
India Interdependence
Lots of MNC's, FDI at an all time high, Part of SAARC and the G20, High dependence on imports of fossil fuels
FDI at an all time high of $64 billion(2022) which is a 27% increase since 2019
38% of fossil fuels are imported (2012) in india
71% of oil imported(2012) in india
Top 10 TNC's earnt 72% of Indias revenue
Tata: operate in 100 countries, 935,000 employees
Coca Cola: outsource their production to India ($1.5million bottling plant,56 bottling plants in total)
India-Gulf Migration
Equal/unequal flows, 8.5 million Indians live/work in the Gulf, India receives $87 billion in remittances every year
6500 migrants died in Qatar building stadiums(unfair treatment)
Kafalasystem: Employers take migrants passport, so don't have freewill to leave (against human rights)
Migration causes inequalities as the migrants are often treated badly (e.g. 6 people sharing a room in Gulf)
Energy flows in Europe
Russia is the largest supplier via Nord Stream, Russia supplies 40% of EU gas, Countries trying to cut ties due to Ukraine war but some are fully reliant
Countries interdependent: Spain does not supply any gas but imports 30% of its gas
CAYAT cocoa plantation
Fairtrade, On the Ivory coast, Typical cocoa farmer earns $1 per day, Fairtrade cocoa farmer earns $2.50 per day, Produce 8000 tonnes of cocoa (23% of which is sold on fairtrade terms), Grew from around 300 members to around 3000