What has occurred in the last 50 years?
Today, homes contain many items made in other countries.
Global shopping is increasing
Today, trade between nations is valued at about US$18 trillion a year and international trade links people & places around the world. To make these connections there are:
Global shopping is increasing
Today, trade between nations is valued at about US$18 trillion a year and international trade links people & places around the world. To make these connections there are:
- approximately 6000 planes in the air right now
- approximately 17000 cargo ships crossing the world's seas & oceans
- pipelines transporting gases, oil & water a total distance of about 2 million km
- more than 1 million km of railway track
GLOBAL FLOW OF TRADE
Source 3.39 shows the amount of trade that flowed between the different economic regions worldwide in 2012. Import/Exports have a huge economic value for countries & the amount of trade taking place between countries frows bigger each year.
Source 3.39 shows the amount of trade that flowed between the different economic regions worldwide in 2012. Import/Exports have a huge economic value for countries & the amount of trade taking place between countries frows bigger each year.
australia's mining connections
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AUSTRALIA'S MINING BOOM
Over 60% exports = minerals & fuels iron ore coal gold crude oil aluminium Rapid growth in exports = MINING BOOM driven by: 1. INCREASES IN DEMAND FOR AUSTRALIAN MINERALS FROM CHINA & INDIA WHY? China & India move : rural societies to modern industrialised urban = need for raw materials China - iron ore = steel (what for?) factories for machinery ships cars India lacks quantities of coal AUSTRALIA HAS IRON ORE & COAL 2. AUSTRALIA'S VAST MINERAL WEALTH Australia = one of the world's biggest suppliers of metals & minerals globally Australia = largest reserves of Pb Ni Ag U Zn Zr world's 2nd largest Fe (28 billions tonnes mostly in WA) Some C (provides 80% of our electricity) 3. AUSTRALIA'S WILLINGNESS & ABILITY TO EXPORT MINERALS Since goldrush times (1850's) Australians regarded minerals as a resource to be mined & sold. Mining sector = Australia's largest export earner (approx 50% total exports) 1 million tonnes of iron ore exported on ships (double in next 5 years) < 200,000 people employed (high wages) |