Trade Traps for LEDCs
- Created by: Pass my Exams
- Created on: 08-04-18 15:10
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- Trade Traps for LEDCs
- Large % of exports from any 1/2 products e.g Ghana - Cocoa 80%
- Don't process raw materials so they receive a lower price
- They don't belong in any Trade Blocs
- Tariffs set by trading blocs discourage trade with LEDCs
- They are dependent on prices for goods set by MEDCs and fluctuate year by year
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