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Indicators of power - Coggle Diagram
Indicators of power
population
large population can help sustain economic growth
cheap workers: sweat shops China + India
large populations encourage growth in markets: EU
larger population attracts businesses which leads to consumerism
size
Top 5 coutries by size: - Russia - Canada - USA - China - Australia
geographical location has influence
countries with larger area have greater natural resources + extend over areas
Russia has large volumes of natural resources
culture
belief systems
capitalism
influence on world since collapse of USSR 1991
capitalism = land labour + capital are privately owned + used to generate profit
not everyone agrees with capitalism
capitalism is global due to globalisation + westernisation
demonstrated through
SOFT POWER
(film,art,food)
military
large military = viewed more powerful
type of weapons represents power
Nuclear weapons: USA, Russia, UK, France, China, India, Pakistan, North Korea
resources
with resources for economic development
Should
lead to power: Russia- gas --> doesn't always
DOESN'T ALWAYS HAPPEN:
exporting raw materials adds
little
value: Australia + Iron ore
TNC's control large volumes resources: Nigeria + BP
RESOURCE CURSE
: Democratic Republic of Congo
compared to lottery winners --> they spend it carelessly
price fluctuations cause conflict
51% resource rich country = LIC's + NEE's
economy
top 10 economise 2022:
USA, China, Japan, Germany, India, UK, France, Italy, Brazil, Canada
between these countries: earn 2/3 worlds GDP
control investement
use worlds most powerful currencies
detewrmine economic policies affecting the globe
G20 group influence global economy + control LIC aid
G20= top 19 economies + EU