Neoliberal policies, including free trade agreements, have created new organizations, spatial connections, and trade relationships, such as the EU, World Trade Organization (WTO), Mercosur, and OPEC, that foster greater globalization. These are in Unit 4 in more detail as supranational organizations.
Comparative advantage means that a country can produce a product at less cost and with more efficiency than other countries. Complementary advantage means that the two countries have opposing comparative advantages and engage in trade with each other.
The US, Mexico, and Canada used to be in a free-trade relationship called NAFTA (North American Free Trade Agreement) that had a full removal of all tariffs (taxes on goods that cross international borders). These tariffs created more trade (free trade for that matter) between these 3 countries especially in booming border towns along the borders of each country. Free Trade also allowed for maquiladoras to be built in Mexico that sadly exploited poor Mexican migrant workers. These maquiladoras did, on the other hand, allow for cheaper and quicker manufacturing of products to be sold in the NAFTA zone.
Image Courtesy of Wikipedia
The economies of the EU have been interdependent (reliant on each other to succeed) because they are all members of the Eurozone and use the same currency. The countries go through prosperity together when their economies flourish and when they have trade surpluses. They also go through rough times together like in Greece where the country’s economy has started to fail and default on all of their foreign investment.
Since Greece is struggling and they are an EU member country, the other EU member countries like France and Germany must support them. Since Greece was struggling and the UK was in a flourishing economy, the British wanted to “Brexit” or leave the EU since they were only losing money supporting Greece.
Image Courtesy of Wikipedia
🙏 Free Reviews 2020
🗺 Unit 1: Thinking Geographically
1.1Introduction to Maps and Types of Maps
1.5Humans and Environmental Interaction
👪 Unit 2: Population & Migration
2.0Unit 2 Overview: Population and Migration Patterns and Processes
2.5The Demographic Transition Model
2.6Malthusian Theory and Geography
2.10Push and Pull Factors in Migration
🕌 Unit 3: Cultural Patterns & Processes
3.1Introduction to Culture
3.4Types of Cultural Diffusion
3.7Diffusion of Religion and Language
🗳 Unit 4: Political Patterns & Processes
👨🌾 Unit 5: Agriculture & Rural Land-Use
5.0Unit 5 Overview: Agriculture and Rural Land-Use Patterns and Processes
5.1Introduction to Agriculture
5.2Settlement Patterns and Survey Methods
5.3Agricultural Origins and Diffusions
5.6Agricultural Production Regions
5.7Spatial Organization of Agriculture
5.9The Global System of Agriculture
5.10Consequences of Agricultural Practices
5.11Challenges of Contemporary Agriculture
🌇 Unit 6: Cities & Urban Land-Use
6.2Cities Across the World
6.4The Size and Distribution of Cities
6.5The Internal Structure of Cities
💸 Unit 7: Industrial & Economic Development
7.0Unit 7 Overview: Industrial and Economic Development Patterns and Processes
7.3Measures of Development
7.4Women and Economic Development
7.5Theories of Development
🧐 Multiple Choice Questions (MCQ)
Exam: Human Geography Multiple Choice
AP Human Geography Multiple Choice Help (MCQ)
✍️ Free Response Questions (FRQ)
APHUG Practice Prompt Answers & Feedback
Human Geography Free Response Questions
*ap® and advanced placement® are registered trademarks of the college board, which was not involved in the production of, and does not endorse, this product.
© fiveable 2021 | all rights reserved.
2550 north lake drive
milwaukee, wi 53211