Trade & Investment Flashcards

(34 cards)

1
Q

Example of where increased trade has resulted in decreased inequality

A

Uganda

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2
Q

% of Uganda’s GDP growth per capita due to trade

A

3.8%

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3
Q

Example of where inequality has remained despite increased trade

A

Vietnam

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4
Q

% of developing countries’ merchandise which is now manufactured

A

80%

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5
Q

Exception to volume of trade increasing each year

A

2008

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6
Q

N.America, EU, East Asia responsible for what % share of global trade?

A

80%

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7
Q

What X3 regions are responsible for 80% of global trade

A

N.America, EU, East Asia

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8
Q

The 49 LDCs are responsible for what % share of global trade

A

0.9%

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9
Q

Africa is responsible for what % of global trade

A

2.5%

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10
Q

TNCs originating in the south employ how many workers worldwide

A

6million

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11
Q

What % of developing country exports go to other developing countries?

A

50%

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12
Q

Developing countries share of global trade increase (1995-2006)

A

X3

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13
Q

Example of South-South cooperation

A

China investment into Africa

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14
Q

What disadvantages are there of LDCs often not being part of trade blocs?

A
  • hurt by protectionism
  • subject to tariffs
  • difficult to gain competitive market access
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15
Q

Example of trade agreement helping developing nations being scrapped

A

1990s EU placed tariff on dollar bananas to help ex-colonies
since scrapped

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16
Q

China’s investment in Africa has resulted in how much $$$$ debt being cancelled?

17
Q

what type of trade is being discussed between China and Africa

18
Q

How much investment has gone into Africa from China into a new oilfield in Angola?

19
Q

What fraction of CHina’s oil is from Africa?

20
Q

How much has China invested into a new pipeline with Saudi?

21
Q

X2 sources of Timber for China

A

Gabon and Cameroon

22
Q

Africa is a source of what fraction of the world’s uranium?

23
Q

Africa is a source of what % of the world’s hydroelectric potential power?

24
Q

China has access to African markets, worth £3bn in trade of Chinese goods, where is its main market?

25
What does china earn annually in selling its goods to African markets?
£3bn
26
China is Africa's what largest market?
3rd | after USA and France
27
Why is Chinese aid well received in Africa?
no colonial history
28
How many Chinese companies now operate in Africa?
700
29
What type of trade does Africa have with China, despite it being its 3rd largest market?
trade deficit
30
How many tariffs for African goods into China were scrapped, giving Africa greater market access?
190 tariffs scrapped
31
What programme lasted for 10years with little impact between Africa and the US?
African Trade and Opportunity Act
32
What did the Africa Trade and Opportunity Act allow for?
extension of US market access to 40 African states
33
Why did the Africa Trade and Opportunity Act have little impact?
other preconditions not met; - still low wages - intermittent power supply (deter investment) - government corruption - not as efficient as competitors (e.g China)
34
Many handicaps to development despite trade and investment, e.g X3
- population growth - political instability - climatic disasters