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09.18.09 notes - 09.18.09 GeoG Notes Merchandise trade 15...

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09.18.09 GeoG Notes Merchandise trade 15 times larger than what it was in the 1950’s Geographical patterns o Three primary trading blocks (regions) o EU o North America o East and South East Asia o Most world trade is either within or between these three trade blocks Trends over time Trade growth faster that output frowth Growing interconnectedness NIe’s experienced the strongest trade growth Lecture 7 – Canada in the world economy Time – space compression A brief history of Canada’s links to the world economy Canada – US : a special relationship? o ZMerchandise Trade o Foreign direct investment Canada – China “Feeding the Dragon” Time-Space Compression Definition: processes that revolutionize the qualitieis of space and time such that the ways that we represent the world are altered “Harvey” i.e. TSC reflects accelerated movements of goods, information, and financial resources Time-Space shrinking technologies (ex. Transportation and communications) that overcome the frictions of space and time
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