Advantages Of International Trade Flashcards
1
Q
What is globalisation tied with?
A
Free trade - NAFTA which allows mexico canada and United States to exchange products and services
2
Q
What does it create that’s steady?
A
A steady cash flow into the poorer countries gradually decreasing inequality
3
Q
What reduces company costs?
A
HIC’s can employ skilled workers from LIC’S
4
Q
Filling gaps within the economy?
A
EG in the UK they have hired nurses from India to fill their gaps in NHS
5
Q
Environmental advantage?
A
Montreal protocol 1987 ozone depletion
