European Economic Power: Trade, Industry, and Resources
European Economic Spaces
The countries of Europe have had a role in the organization and conformation of the world economy, and they continue to have one. The European Union rivals the United States and Japan in the top positions of global economic power. Europe receives a large part of the trade and investments that are made on the planet. Like the United States, it utilizes trade and investments and develops new economic activities.
The countries of the European Union play a starring role in the
Read MoreKey Economic and Social Concepts in the European Union
Globalization
Globalization is the process of building a single economic space on a planetary scale, where the production and circulation of goods and services are governed by the laws of the so-called ‘market economy’ or simply capitalism. Its expansion is based on new technologies that multiply the capacity to generate and transmit information, enabling companies to operate synchronously and in real-time, encouraging financial concentration. At the same time, it expands the areas of production
Read MoreOutsourcing and Tourism in Spain: Impacts and Trends
Outsourcing: Causes, Features, and Territorial Imbalances
Causes of Outsourcing
- Increased standard of living (higher consumption)
- Evolution of industry (industrial development, modern tertiary sector)
- Development of certain tertiary activities (tourism, hospitality, utilities)
- Increased participation of women in the workforce (domestic help)
Features of Outsourcing
- Classification:
- Private services (economic benefits)
- Public services (funded by taxes, provided to society by the state)
- Sub-sectors:
- Business
Agriculture, Aquaculture, and Fisheries: Key Terms and Practices
Aquaculture
Aquaculture is the development of marine farming and research on new ways to obtain resources from the sea and fresh water. It can involve:
- Fish farming
- Astaciculture, or crustacean breeding
- Egg production
Aquaculture also involves mollusks and aims at fish such as sea bass and sea bream.
Dryland Farming
Dryland farming dominates the countryside and non-irrigated areas in the valley dedicated to extensive crops.
Fishing
Coastal Fishing
Coastal fishing involves catching fish that is canned using
Read MoreHuman Migration: Patterns, Causes, and Global Population Trends
Migration: Causes and Classifications
Migration is the movement of people who cross a political boundary with the intention of leaving their place of residence.
Causes of migration include political conflicts, war, and religious, social, and cultural issues. Natural disasters like earthquakes and floods, as well as environmental disasters such as desertification, also contribute. Technological advances in economic activities play a role.
There are many classifications of migration based on various
Read MoreInternational Trade Statistics: Spain and Galicia 2014
Leading Exporters in World Merchandise Trade (2014)
Rank | Country | Exports % of World Trade |
1 | China | 12.4 |
2 | U.S. | 8.6 |
3 | Germany | 8.0 |
4 | Japan | 3.6 |
5 | Netherlands | 3.6 |
16 | Spain | 1.7 |
Leading Importers in World Merchandise Trade (2014)
Rank | Country | Imports % of World Trade |
1 | United States | 12.6 |
2 | China | 10.3 |
3 | Germany | 6.4 |
4 | Japan | 4.3 |
5 | United Kingdom | 3.6 |
13 | Spain | 1.9 |
Leading Exporters in World Trade in Commercial Services (2014)
Rank | Country | Exports % of World Trade |
1 | United States | 13.9 |
2 | United Kingdom | 6.8 |
3 | Germany | 5.4 |
4 | France | 5.4 |
5 | China | 4.7 |
13 | Spain | 2.7 |