Managing Trade
A Mind Map on how to manage imports and exports. This is part of Bridging the Development Gap in Unit 3, Congested Planet.
- Created by: Honor Anne
- Created on: 16-02-13 12:10
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- Managing Trade
- Influencing Imports
- Tarrifs are taxes that make imports more expensive and competitive
- Quotas, that can limit the volume of imports
- Exchange Rates can make imports more expensive if they are lowered
- The formation of Trade Blocs
- The WTO is a group of 148 member states who believe that Free Trade is important, and that Tariffs and Quotas should be Removed
- Influencing Exports
- Free Trade Zones (FTZs) or Export Processing Zones (EPZs)
- Lower Exchange Rates, to increase competitive Exports
- Formation of Trade Blocs
- Incentives, such as financial help or tax reductions
- Governments can set up Special Economic Zones (SEZs) to offer incentives for foreign companies. China has set these up, as as a result has gained access to all Global Markets
- Influencing Imports
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