Banana case study Flashcards
(5 cards)
1
Q
How much is spent on bananas per year?
A
$10 billion, the most popular fruit in the world, account for 2% of the worlds trade
2
Q
Patterns of global production and consumption
A
Most are grown in LICs around the equator, South America
HICs import the most, however some countries e.g. India produce lots and consume lots.
3
Q
Top producer of bananas
A
Equador, 33% of global production
4 TNCs operate the trade 1980 - 70% of trade, now 40% due to EU opening up markets
4
Q
Problems in the banana industry
A
At least 200000 workers in poor working conditions, 14 hour shifts for $3.5 a day
5
Q
What is Fair Trade
A
workers are supported by being paid an average minimum wage
