✅Case Study - TPP, TTIP, G7 & G20 Flashcards Preview

AQA A Level Geography - HUMAN > ✅Case Study - TPP, TTIP, G7 & G20 > Flashcards

Flashcards in ✅Case Study - TPP, TTIP, G7 & G20 Deck (24)
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1

What does TPP stand for?

Trans Pacific Partnership

2

What is TPP?

A free trade agreement between 12 countries including USA, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam

3

What does TPP aim to do?

Deepen economic ties between the nations, slash tariffs and boost growth by fostering trade

4

How was the TPP agreement designed?

So it could eventually form a single market like the EU

5

What is TTIP?

Transatlantic Trade and Investment Partnership

6

How did Trump's election affect TPP?

Due to his protectionist views, he stopped US participation in the deal, a major requirement

7

Why had TPP been criticised?

For its lack in transparency of negotiations

8

What topics did TPP negotiate on?

Investment, patents and copyrights, financial regulation and labour/environmental standards

9

Why did Obama favour TPP?

It would increase the US influence in the Asia Pacific region where China is a growing influence

10

Why were people against TPP?

It was seen as a secretive deal which favoured big businesses and other countries at the expense of US jobs and national sovereignty

11

What would be the combined population of TPP countries?

800 million

12

What percentage of world trade would TPP be responsible for?

40%

13

How did the US pulling out affect TPP?

The agreement could not be ratified as conditions were not met, and the agreement cannot carry on without the US and its 250 million population

14

What is the aim of TTIP?

To cut tariffs and regulatory barriers for big business including food safety law, environmental legislation, banking regulations etc, between the US and EU

15

What type of agreement is TTIP?

Bilateral trade agreement

16

Which NGOs are against TTIP and why?

Friends of the Earth, because it will give more power to large TNCs, above that of governments

17

What do opponents of TTIP believe?

That it will undermine democracy and social provision in both regions and it will threaten public services like the NHS

18

What is Investor State Dispute Settlement within TTIP?

Gives large corporations the ability to sue EU governments and their taxpayers if their profits are affected by changes to government policy

19

How would TTIP threaten the NHS?

TTIP makes NGOs and TNCs more powerful, while governments lose power, so if public services became privatised due to lack of power and funding, the NHS would decline and TNCs would become richer than goverments

20

Who sets the G7 guidelines?

The IMF

21

What are the conditions set to be in the G7?

High net national wealth and high HDI

22

Which countries are part of the G7?

Canada, France, Germany, Italy, Japan, UK and US

23

Why was the G20 established?

To give a voice to major developing economies in 1999 who felt the WTO was not fully serving their interests

24

Which countries are part of the G20?

The G7 countries, the EU, BRIC countries as well as Argentina, Australia, Indonesia, Mexico, South Korea, Turkey etc.