1. Loss Of Sovereignty
IB HL

2. The Demise Of Nations
Some people believe nations are far less important than they used to be.
The increasing flow of people, capital, goods and ideas across international boundaries illustrates the demise of nation state.
The growth of trading blocs and TNC’s heralds an New World Order in which individual countries are less important than before.

3. Annual Sales (US$ billions)
TNC’s
Rank
Country
Annual Sales (US$ billions) 1
USA
13,811 2
Japan
4,376 3
Germany
3,297 4
China
3,280 5 UK
2,727
Company
Walmart (USA)
379
Exxon-Mobil (USA)
358
Royal Dutch Shell (Netherlands)
355
Toyota (Japan)
204
Chevron (USA)

4. Activities
Using Geography For The IB Diploma P , answer the following…
What is resource nationalisation?
Why did Bolivia pursue resource nationalisation?
In the long-term, how could this policy have benefits as well as disadvantages to Bolivia?
Why have Bolivia’s recent policies to cope with globalisation created tension with the USA?
Using Figure 3 (P201), how does it show that globalisation was the “way forward” for Bolivia?