Bananas Flashcards
How important are bananas in LDCs
Food staple
Where do bananas rank in terms of global trade
Gretaest vol of fruit produces
5th most traded product
Which regions are bananas grown in
Carribean
Central america
Tropics !!!
Why do so many plantations use agrochemical
As bananas are susceptible to disease
4 environmental impacts of banana plantations
Deforestation
Waste
Soil fertility
Loss of bio diversity
What two groups dominate world trade in bananas
ACP
dollar producer
Pattern of banana trade
LIC to HIC
Main exporter of bananas
Ecuador
Largest importers of bananas
Eu
Usa
How much of the market price reaches the producer
Less than 10%
Which TNCs dominate 80% of banana trade
Chiquita
Dole
Del Monte
Fyffes
What is Noboa
Ecuador based banana company
How are bananas integrated
Vertically
Why are they integrated vertically
Economies of scale
Lead to lower prices
What two types of farm are bananas grown on
Family
Monoculture plantation
How has TNC market changed in the past two decades
Fallen
When did the banana dispute and trade wars happen
92-09
What trade agreement caused dispute
EU with former EU colonies
What did the agreement lead to
SDT agreements
What was the effect of the SDT deal
Protect smaller farms
What did the US TNCs complain about
The deal being unfair on their trade
What did the WTO rule
Ceased the discrimination
What is the race to the bottom and why do TNCs use it
Low labour costs and weak legislation to make total costs at a minimum
What is the impact of the race to the bottom having
Casual workers that have long shifts and have their needs cornered
What has made banana trade more sustainable
Fair trade
What is the El Guabo association of Small Banana Producers
Big producer of fair trade bananas
2 economic and social advantages of the El Guabo Association of Small Banana Producers
Improved standard of living
Long term contracts
Health care and education improved - allows countires to enter new industry
