Banana Flashcards

1
Q

What is fair trade?

A

Social movement whose goal is to help producers in LDEs achieve better trading conditions

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2
Q

What does fair trade focus on?

A

Agricultural industry

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3
Q

What do fair trade supporters argue?

A

That those producing the items don’t get a deal from the organisations they supply to

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4
Q

What do the individual suppliers have?

A

Little market influence

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5
Q

What does the fair trade movement advocate for?

A

The payment of higher prices to producers aswell as helping socially and environmentally

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6
Q

What is free trade’s 3 aims?

A

To increase nations economic growth
Trade policies between countries
Multi national corporations

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7
Q

What is monoculture farming?

A

A form of agriculture that is based on growing only one type of a crop at one time on a specific field

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8
Q

What does trade create?

A

Social, economic, political and environment issues worldwide

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9
Q

Why are bananas essential in countries like Ecuador?

A

Essential source of income and employment for many households

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10
Q

What percentage of Ecuador’s exports in value terms is bananas?

A

10%

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11
Q

How is banana production controlled in the Caribbean?

A

By TNCs and more by small-medium growers on family farms

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12
Q

When did the banana dispute start?

A

1975

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13
Q

Why did the banana dispute start?

A

When EU countries negotiated a trade agreement with former colonies

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14
Q

What are 3 environmental impacts on growing bananas?

A

Reduction in biodiversity
Waste - 1 tonne of bananas equals 2 tonnes in waste
Reduction in soil fertility due to chemicals

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15
Q

How much in the UK of bananas are classed as Fairtrade?

A

25%

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16
Q

What are 3 negatives of having no trade?

A

Small national markets
Limited product diversity
High prices

17
Q

What are 3 benefits of having trade?

A

Increased competition
Economies of scale
Interdependance

18
Q

What does the periphery model assume?

A

That global power is concentrated in the hands of MEDCs known as the ‘core’ and LEDCs known as the ‘periphery’.

19
Q

By what % did banana prices get slashed on average by UK supermarkets in 2008?

A

41%

20
Q

What did the slash in price lead to?

A

to a rush by producers to
outsource their plantations for the lowest cost possible.
This has led to massive worker exploitation,

21
Q

Why is fair trade criticised?

A

Limited in scale