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What is the relative importance of (financial) global flows?,…
What is the relative importance of (financial) global flows?
Spatial Interactions
Scale
Individual/Local:
Microfinance
Remittances
Humanitarian Aid
National:
FDI
Debt reduction
Core/periphery
Processes
Place
Remittances are important to LICs and NEEs but not HICs as much
importance of location for certain specific flows (geography) - suez canal, Honduras 90% of drugs
FDI, debt, and trade are most important flows to HICs
FDI and ODA is important to NEEs
Remittances and debt (forgiveness) and ODA is most important to LICs
Possibility
Trump & USA - trade barriers (tariffs/subsidies could slow FDI)
Black swan events - EU & vaccines (barriers) w/COVID-19
$100 bn to LICs/year to tackle climate change, but loans = debt
Geopolitical relationships can change - Taiwan and China pineapple
Power
USA in Europe: IMF and WB - loans with SAPs
China's Asian Infrastructure Development Bank and aid in Africa and along the Silk Road- loans
TNCs and FDI
China - vaccines for COVID-19
remittance/FDI/debt/oda/illegal flows