Differential Access To Markets Flashcards
1
Q
What are differential access to markets
A
Access is how easy it is for countries to trade with each other
Access is determined by a countries wealth
Access is increased by being a member of a trade bloc
2
Q
What are SDT agreements
A
SDT agreements allow less developed countries to bypass tariffs and give them access to markets
Leading to economic growth
Can be negative for other countries as it allow cheap imports in LICs
3
Q
What are social and economic consequences of differential access to markets
A
Trade benefits developed countries more then developing countries
Less access to markets means less economic growth
If one country is left out of a market it can create political tension
