L9-10 - Unequal flow

  • Created by: Hadley023
  • Created on: 26-03-19 08:56
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  • Factors influencing trade
    • USA
      • Economic
        • Investment in domestic transport e.g. freeways, airports, vehicles, pipelines.
        • High levels of productivity in agriculture, manufacturing and service industries, taking advantage of economies of scale.
        • Inward and outward FDI by large MNCs.
        • Technology in communications including high levels of broadband connectivity.
      • Environmental
        • Ability to exploit its many natural resources such as minerals, ores, water, timber.
        • Wide range of climatic conditions, soils and reliefs which benefit agriculture.
        • Extensive coastline with natural harbours and access to rich fishing grounds.
      • Political
        • Stable, democratic government which has ability to negotiate trade agreements providing easy access to global markets.
        • Membership of global organisations e.g. WTO, OECD and regional bodies such as Trans-Pacific Partnership which promote trade liberalisation.
      • Social
        • Large population/ work force with high levels of entrepreneur-ship.
        • Diverse multi-cultural migrant labour force.
        • Highly skilled and educated work force.
    • Sierra Leone
      • Economic
        • Over-dependence on primary product exports e.g. coffee and palm oil makes trade vulnerable to Sudan shocks as global demand and prices fluctuate.
        • Limited access to finance and secure banking sector.
        • Inadequate infrastructure e.g. water and energy provision, sea and air transport.
        • Poor communications networks with very limited access to broadband internet.
        • High costs of production, low levels of technology.
      • Political
        • Slow recovery from the consequences of civil war. Previous political instability has affected confidence of investors and international trade.
        • Inefficient government bureaucracy and prevalence of corruption.
        • Inability to control crime e.g. illegal trading.
      • Environmental
        • Debilitating effects on the population/ work force of prevalent diseases such as malaria, typhoid, Ebola.
        • Limiting effects of environmental damage to water, soil and forest reserves as a result of large-scale mining operations and agri-business.
      • Social
        • High levels of unemployment - 70% of under 25s unemployed.
        • Gender inequality presents serious barriers to the contribution of women.
        • Other human rights abuses such as the use of child labour.
        • Other socio-economic inequalities in health, poverty and life expectancy.
        • Inadequately educated work force with high % (91% women, 80% men) not reaching secondary education.


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