Fair Trading Flashcards
True or false ?
Exchanging goods is part of world trade.
True
True or false ?
Trade is never unfair.
False, trade is often unfair.
Most countries_____ get good_____for the things they____.
Do not
Prices
Sell
What have we observed about the prices raw materials sell at?
They sell at low prices.
____countries buy_____ _______at low prices and sell_______ goods at _____ prices.
Rich
Raw materials
Manufactured
High
Why do poor countries find it difficult to buy manufactured goods?
Because the prices are too high.
How many bags of coffee bought 1 truck for Ethiopia in 1970?
63 bags
How many bags of coffee bought 1 truck for Ethiopia in 1980?
127
How many bags of coffee bought 1 truck for Ethiopia in 1990?
190
How many bags of coffee bought 1 truck for Ethiopia in 2000?
268
How many bags of coffee bought 1 truck for Ethiopia in 2010?
393
(How unfair trade keeps poor countries poor)
What do rich countries decide on?
Thy decide on the price they will pay for raw materials. (They make the price low).
(How unfair trade keeps poor countries poor)
Why do poor countries just accept any price?
Because they have nowhere else to sell their raw materials except to the rich countries
(How unfair trade keeps poor countries poor)
What do the rich countries do in poor countries?
Companies from rich countries buy land in poor countries and run the farms and factories.
(How unfair trade keeps poor countries poor)
What must big companies do in poor countries do to keep costs down? And give an example.
Big companies must pay workers low wages in poor countries to keep costs down. Some flower workers in Columbia get paid R15 a day. The flowers they pick in one day can sell for over R5 000 in New York.
