global flows - products Flashcards
1
Q
who facilitates the movement of goods?
A
the world trade organisation
2
Q
what are certain restrictions on movement of goods?
A
tarriffs
transport and time costs
3
Q
how have transaction costs been reduced?
A
with the improvements in flows of data and ease in which capital can be transferred
such as internet banking
4
Q
how have transport costs and time been reduced?
A
by containerism
air transport
5
Q
how many trips do containers make a year?
A
200 million
6
Q
how have the world trade organisation reduced barriers?
A
they have encouraged the reduction of tariffs in order for countries to work together
