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 least developed countries to bypass tariffs and give them access to markets
Can be negative as they allow cheap imports in LICs
3
Q
What are social and economic consequences of differential access to markets
A
Trade benefits developed countries more the developing countries
High levels of trade can Mather the quality of life in a country
