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Evaluate the major geographical shifts that have occurred in the global economy during the past thirty years
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Evaluate the major geographical shifts that have occurred in the global economy during the past thirty years Since the 1970's there has been a great change in the geography of different aspects of the global economy. The emergence of the tiger economies in South East Asia and Latin America has seen a global change in the geography of manufacturing from industrialised Western countries such as North America, the UK and West Germany. Using the measure of foreign direct investment (FDI) as an indicator, there has also been a change in the location of transnational companies (TNC). In 1960, U.S TNC's accounted for nearly half the world total of FDI, with British, Dutch and Swiss companies making up the remainder (in rank order). Due to the expansion of the global economy over the past thirty years, the U.S now only provides a third of the world total, Britain just under fifteen percent...
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