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AQA A Level Geography - HUMAN > ✅3.2.1.3 - International Trade and Access to Markets > Flashcards

✅3.2.1.3 - International Trade and Access to Markets Flashcards

1
Q

What are import quotas?

A

A physical limit on the quantity of goods that can be imported into a country

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2
Q

What are subsidies?

A

Grants or allowances usually awarded to domestic producers to reduce their costs and make them more competitive against imports

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3
Q

What are voluntary export restraints?

A

A diplomatic strategy offered by the exporting country to appease the importing country and deter it from opposing trade barriers

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4
Q

What are embargoes?

A

Impose the partial or complete prohibition of commerce and trade within a particular country. Put into practice for political rather than commercial reasons.

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5
Q

What are the main barriers to trade?

A

import quotas, subsidies, voluntary export restraints and embargoes.

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6
Q

What are trade restrictions?

A

Other import restrictions may be based on technical or regulatory obstacles such as the quality standards of goods being imported or how they are produced

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7
Q

What is an example of an EU trade restriction?

A

The import of goods knowingly produced using child labour

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8
Q

What is FDI?

A

Foreign Direct Investment, the amount of capital invested in foreign countries

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9
Q

What are the main global causes of FDI?

A

Natural resources and size of a country’s population/market

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10
Q

By how much has FDI risen in last 20 years

A

$400 billion to $1.5 trillion

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11
Q

What is a transition economy?

A

One that is changing from a centrally planned economy to one driven by market forces

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12
Q

What are some of the top FDI giving countries?

A

US, UK, Germany, France, Switzerland, Hong Kong, Belgium, Japan, Canada…

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13
Q

What are some of the top FDI receiving countries?

A

US, Hong Kong, China, UK, Germany, Belgium, Switzerland, France, Canada, Singapore

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14
Q

What are some examples of trade relationships?

A

TTP, TTIP, G7, G20, MERCOSUR, Pacific Alliance

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15
Q

Which countries make up the G7?

A

Canada, France, Germany, Italy, Japan, US, UK

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16
Q

What must the G7 countries have?

A

A high net national wealth and a high HDI

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17
Q

Why was the G20 set up?

A

To give a voice to major developing countries in 1999, who felt that the WTO was not fully serving their needs

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18
Q

What are some of the countries involved in the G20?

A

Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, Turkey etc as well as G7 countries and the EU

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19
Q

How is China investing in Africa?

A

In old copper mines in Zambia and Botswana needed to support the ‘industrial explosion’ in China

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20
Q

How has China’s investment supported African countries?

A

They have been able to develop infrastructure as well as healthcare and education

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21
Q

What does China rely on African markets for?

A

A steady flow of natural resources to sustain manufacturing

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22
Q

What does China export to Africa?

A

Cheap manufactured goods, FDI, much needed infrastructure and loans of billions of dollars

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23
Q

How much of China’s FDI is distributed in Africa?

A

50%

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24
Q

How are Chinese Infrastructure programs exploiting Africa?

A

They are carried out by Chinese workers instead of giving local companies and citizens a vital opportunity to grown in experience and capital. They bring huge profits to Chinese companies

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25
How has China compromised human rights in Africa?
In 2011, Human Rights Watch released a scathing review of treatment of Zambian workers in Chinese owned copper mines, with unsafe conditions, exploitative hours and threats to those who posed complaints
26
What have Chinese infrastructure programs created?
Roads, bridges, railways, schools and hospitals
27
How is China benefiting politically from Africa?
It is gaining power as Africa carries great diplomatic weight, shifting China's diplomatic influence away frm the US
28
How has China demonstrated its political power in Africa?
It built its first ever overseas military base on the coast of Djibouti, less than 10 miles away from the US AFRICOM, giving access to the Red Sea and Indian Ocean
29
What is SDT?
Special and differential treatment
30
Why were SDTs set up?
To ensure that protectionist policies wouldn't exclude many developing countries form trading freely with more developed nations due to tariffs and quota barriers
31
What were the aims of introducing SDTs?
Tackle the structural handicaps that characterise LDCs Engage in world trade on a more advantageous level Promote faster income growth and development
32
What are LDCs?
Least Developed Countries, a category created by the UN General Assembly
33
What was the view of creating LDCs?
To provide the least developed among developing countries with special support measures to overcome their specific disadvantages
34
What are the structural handicaps of LDCs?
A low level of income A concentration on export of primary goods Vulnerability to export price volatility
35
Special and differential treatment is an...
...acquired political right
36
Developing countries should enjoy privileged access to the markets of...
...their trading partners, particularly in developed countries
37
Developing countries should have the right to restrict imports...
...to a greater degree than developed countries
38
Developing countries should be allowed flexibility in...
...the application of certain WTO rules, or to postpone the application of rules
39
What are some of the issues with SDTs?
Not all LDCs are members of the WTO and application can be lengthy LDCs are not fully aware of SDTs and so not make productive use of them There is concern among richer nations that markets will be flooded with cheap imports and undermine their own industrial base
40
Which country is currently the greatest exporter?
China, followed by the US and Germany
41
What is the most exported product?
Oil, followed by cars and processed petroleum oil
42
Which countries are the biggest importers?
US, China, Germany
43
What is the main goal of free trade?
Increase economic growth
44
What does free trade focus on?
Trade policies between countries
45
Who does Free Trade primarily benefit?
MNCs, powerful businesses
46
What are the major actions of free trade?
Countries lower tariffs, labour and environmental standards
47
What are the key advocate organisations of free trade?
WTO, World Bank, IMF
48
What are some of the largest global TNCs?
``` General Electrics Vodafone Ford BP General Motors Shell ```
49
Why do TNCs base their operations in LEDCs?
Production costs are less Governments want to host TNCs and so offer financial incentives LEDCs often have fewer environmental restriction
50
Why might TNCs base operations in MEDCs?
A place has a history of the industry eg. engineering for car companies Cheap land in declining areas Well developed transport High unemployment, available labour
51
What are some of the benefits of TNCs to host countries?
``` Employment Improved technology Infrastructure development Financial support Inward Investment Multiplier effect ```
52
What is inward investment?
Local economy is improved without using taxpayer's money
53
What is the multiplier effect?
The local economy is boosted by increase personal income generating more 'buying power'
54
What are some of the drawbacks of TNCs in host countries?
``` Labour force Foreign decision makers Profits return to country of origin Grants given to TNCs rather than directly Health and safety issues Environmental issues ```
55
How do TNCs positively impact development in NEEs?
Provides jobs through manufacturing Brings financial attention to area Contribute to infrastructure development Invest into the area/country
56
How do TNCs negatively impact development in NEEs?
Can impact the environment negatively Can exploit cheap labour Bad working conditions/rules
57
How do TNCs positively impact development in LICs?
Raw materials extracted Materials needed to fuel factories Provides income/economy Increased infrastructure to transport materials
58
How do TNCs negatively impact development in LICs?
Can damage environment Products not available in LICs Inequality created within HICs
59
How do TNCs positively impact employment in HICs?
``` Create high paid, high skill jobs Attract other TNCs to area Attract highly skilled workforce Enhances reputation Infrastructure development, jobs ```
60
How do TNCs negatively impact employment in HICs?
Loss of lower skilled jobs Often employ foreign nationals Sufficient work not provided Tax moved elsewhere
61
How do TNCs positively impact opinions of global systems?
TNCs can increase trade between LICs/HICs Can reduce poverty levels - IMF Increase infrastructure + jobs Decrease inequality - World Bank
62
How do TNCs negatively impact opinions of global systems?
Human rights may be violated - UN Environmental damage - Greenpeace Tax avoidance - WTO
63
How do TNCs positively impact product creation and development?
Creates new jobs in design New technological development Creates jobs in manufacturing Improved reliability of products
64
How do TNCs negatively impact product creation and development?
Can cause increased price New laws/regulations needed More secrecy with workers Creates social divide
65
How do TNCs positively impact global inequality?
``` Jobs for people in NEEs/LICs Otherwise unemployed Brings global investments to NEEs Infrastructure development Contributes to economies ```
66
How do TNCs negatively impact global inequality?
New products increase inequality Technology not available in LICs Prices of products can cause inequality Creates social divide
67
What is the general role of the UN?
Maintain international peace and uphold international law Protect human rights Deliver humanitarian aid Promote sustainable development
68
What is the UNDP?
United Nations Development Programme
69
What is the role of the UNDP?
Advocates for change and connects countries to knowledge, experience and resources Helps countries develop strong policies, skills, partnerships and institutions so they can sustain this progress Create jobs, register votes and put disaster risk reduction plans in place
70
What are the millennium development goals?
8 goals put in place to be achieved by 2015, replaced by sustainable development goals, with a deadline of 2030 for 17 goals
71
What do the millennium development goals include?
Eradicating hunger and poverty, gender equality, sustainability
72
How many millennium development goals were met?
1 of the 8
73
What is UNEP?
United Nations Environment Programme
74
What is the role of UNEP?
Co-ordinates organisation's environmental activities and assists developing countries in implementing environmentally sound practices and policies Work with Greenpeace and World Bank/IMF
75
What is the UNFCCC?
United Nations Framework Convention on Climate Change
76
What is the role of the UNFCCC?
To support the global response to the threat of climate change
77
What are operational NGOs?
Primarily concerned with development projects adn operational work
78
What are advocacy NGOs?
Primarily concerned with promoting a cause, rather than doing operational work
79
What are TNC linkages
Mergers, Acquisitions, Joint ventures
80
Pros of TNC linkages
Expand market Combines companies outreach
81
Cons of TNC linkages
Can create monopolies When a company is bought, there can be lay offs

AQA A Level Geography - HUMAN (27 decks)

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