Differential Access to Markets (AQA A-Level Geography): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Tariffs
Tariffs
Taxes imposed on imported goods
Fair trade purpose
Fair trade purpose
Help producers in LDEs get better trading conditions
Free trade vs fair trade: main objective difference
Free trade vs fair trade: main objective difference
Free trade: economic growth; Fair trade: empowerment
HDEs market access advantage
HDEs market access advantage
Can afford higher tariffs & invest in foreign markets
LDEs market access disadvantage
LDEs market access disadvantage
High tariffs unaffordable & limited negotiating power
Trade sanctions
Trade sanctions
Political & economic tool used against disputed countries
SDT agreements
SDT agreements
Give LDCs preferential access to markets in trade deals
Transnational corporations (TNCs)
Transnational corporations (TNCs)
Companies operating in at least two countries
Offshoring
Offshoring
Locating manufacturing in LDEs for lower costs
Fair trade income vs free trade income
Fair trade income vs free trade income
Fair trade: living wages; Free trade: market-determined