Ghana, Vietnam And Guetamala Flashcards
Ghana: (1) pressure on prices of produced supplied from (2) to TNCs
The WTO stopped (3) which makes trade difficult leading to (4)
1 - downward
2 - the Ivory Coast
3 - subsidies to farmers
4 - job losses
Ghana:
Due to the (1) market, (2) is bought in advance so (3) is guaranteed
No (4) from the EU on raw cocoa so Ghana can increase income by (5) before export
1 - futures 2 - cocoa 3 - demand 4 - tariffs 5 - processing beans
What disadvantage does Vietnam have in manufacture
Lower labour costs than China
Vietnam:
Agreed to (1) rules do has access to (2)
All (3) and quota on the EU countries trade were removed
(4) consumers
1 - WTO
2 - new trade links
3 - import duties
4 - 90 million
Guatemala:
Due to (1) policies only raw cotton could be exported which greatly reduces (2)
(3) ended cotton production in (4)
Exploitation of workers
1 - WTO
2 - profit margin
3 - competition
4 - 2005