Trade Blocs

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  • Created by: Emma
  • Created on: 27-12-12 20:54
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  • Trade Blocs
    • Political Groupings
      • NAFTA
        • Mexico and North America
          • USA have managementand research expertise
            • Creates a SPATIAL DIVISION OF LABOUR
              • Mexico can supply cheap labour force, allowing american TNC's to exploit the human resources
          • Mexico can supply cheap labour force, allowing american TNC's to exploit the human resources
      • EU
        • A8 nations;  Poland, Hungary, Slovakia, Slovenia, Estonia, Czech Republic, Lithuania, Latvia. Joined in 2004
        • Makes movement of goods and money easier
    • TNC's
      • Create the idea of a 'shrinking world'
      • Allow trade between MEDCS AND LEDCS
      • When 10 new nations joined the EU in 2004, Tesco gained access to 75 million extra customers
      • Shell, Nigeria
    • Countries which make agreements to reduce barriers to trade
      • Removing tarrifs (taxes on imported goods)
      • Tax-free quotas
    • Increases trade between members
      • Therefore creates large organisations which can trade with non-members
    • Comparative Advantage
      • French Vineyards have good climate
  • Mexico and North America
    • USA have managementand research expertise
      • Creates a SPATIAL DIVISION OF LABOUR

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