Bananas Flashcards

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1
Q

How important are bananas in LDCs

A

Food staple

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2
Q

Where do bananas rank in terms of global trade

A

Gretaest vol of fruit produces

5th most traded product

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3
Q

Which regions are bananas grown in

A

Carribean
Central america
Tropics !!!

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4
Q

Why do so many plantations use agrochemical

A

As bananas are susceptible to disease

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5
Q

4 environmental impacts of banana plantations

A

Deforestation
Waste
Soil fertility
Loss of bio diversity

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6
Q

What two groups dominate world trade in bananas

A

ACP

dollar producer

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7
Q

Pattern of banana trade

A

LIC to HIC

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8
Q

Main exporter of bananas

A

Ecuador

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9
Q

Largest importers of bananas

A

Eu

Usa

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10
Q

How much of the market price reaches the producer

A

Less than 10%

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11
Q

Which TNCs dominate 80% of banana trade

A

Chiquita
Dole
Del Monte
Fyffes

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12
Q

What is Noboa

A

Ecuador based banana company

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13
Q

How are bananas integrated

A

Vertically

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14
Q

Why are they integrated vertically

A

Economies of scale

Lead to lower prices

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15
Q

What two types of farm are bananas grown on

A

Family

Monoculture plantation

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16
Q

How has TNC market changed in the past two decades

A

Fallen

17
Q

When did the banana dispute and trade wars happen

A

92-09

18
Q

What trade agreement caused dispute

A

EU with former EU colonies

19
Q

What did the agreement lead to

A

SDT agreements

20
Q

What was the effect of the SDT deal

A

Protect smaller farms

21
Q

What did the US TNCs complain about

A

The deal being unfair on their trade

22
Q

What did the WTO rule

A

Ceased the discrimination

23
Q

What is the race to the bottom and why do TNCs use it

A

Low labour costs and weak legislation to make total costs at a minimum

24
Q

What is the impact of the race to the bottom having

A

Casual workers that have long shifts and have their needs cornered

25
Q

What has made banana trade more sustainable

A

Fair trade

26
Q

What is the El Guabo association of Small Banana Producers

A

Big producer of fair trade bananas

27
Q

2 economic and social advantages of the El Guabo Association of Small Banana Producers

A

Improved standard of living
Long term contracts

Health care and education improved - allows countires to enter new industry