Trade Introduction

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  • Created by: chend96
  • Created on: 12-05-14 11:37
What is trade?
This is the flow of goods and services between and across the developed world and developing world
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What does it create for LEDC'S?
Opportunities in terms of economic growth
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What are trade relationships like?
Often explotative, unequal between rich and poor countries
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What is this relationship shaped by?
Neo-colonialism
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What is nei-colonialism?
Continuation on past economic domination over ex-colonies
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What ratio has increased over the past 50 years?
The ration between exports and GDP
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What process has led to trade massively increasing?
Globalisation
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What is globalisation?
The process of internconnectedness between countries and societies across the world
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What do LEDC'S have a low stake in?
Trade
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What statistics back this up?
The poorest 49 countries in the world only have a 0.6% share in trade, where top exporters have 37%
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What are the main exports of LEDC;S?
Cash crops and raw materials
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Give examples of these?
Coffee, sugar, tea, rubber
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Give an example of a country
Zambia- 70% of their exports are copper
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Why does this cause LEDC'S to become vulnerable?
Because they only recieve a tiny amount of the final price of the product
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Who gets the majority of the price?
TNC'S
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What are the three risks of selling cash crops?
Prices fluctuate which infleunce supply and demand, demand is reliant upon western tastes or fashions ans extreme weather can ruin crops- so 1industry is very risky
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Other cards in this set

Card 2

Front

What does it create for LEDC'S?

Back

Opportunities in terms of economic growth

Card 3

Front

What are trade relationships like?

Back

Preview of the front of card 3

Card 4

Front

What is this relationship shaped by?

Back

Preview of the front of card 4

Card 5

Front

What is nei-colonialism?

Back

Preview of the front of card 5
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