Examine (AO3) the importance of loans, debt repayment, development aid, remittances, foreign direct investment and repatriation of profits in the transfer of capital between the developed core areas and the peripheries.
Examine (AO3) the influence of governments, world trading organisations and financial institutions (such as the World Trade Organisation, International Monetary Fund and World Bank) in the transfer of capital.
Define the words below using your 'Geography Course Companion' text book by Nagle and Cooke or 'Global Interactions' text book by Guinness, the 'Command Word' posters in the classroon and the useful links below.
You will be divided in to small teams to investigate the impact that loans, debt repayments, development aid, remittances, foreign direct investment and repatriation of profits have on the transfer of capital between core and periphery areas. You will produce a 5 minute presentation and a hand out summarising your findings (the hand out can be as simple as a table). As the command word is examine you will need to provide a balanced argument between positive and negative factors but ultimately you need to come to a clear conclusion.
Presentation
Useful Resources
Forbes - Trump's Profit Repatriation Tax Break
Pages 57 - 66 in the 'Global Interactions' textbook by Guinness.
The second syllabus point for financial flows asks you examine how a number of institutions, both governmental and non-governmental, transfer money across the globe. Answer the following questions using the 'Global Interactions textbook by Guinness pages 66 - 70 to explore the importance of these institutions.
Using examples, explain how financial flows transfer wealth between places. (10 marks)