International Trade , Aid Flashcards
Trade is
Is the buying and selling of goods and services we want and need . Trade involves the exchange of goods or services in return for other goods or services or money.
What does interdependent mean
Countries that trade with with other countries . They rely on each other for cetntain goods
Balance of trade
The difference between imports + exports
What’s a trade surplus
Earning more on exports than is spent on imports
What’s a trade deficit
Spending more on imports than is earned on exports
Trade between LEDCS and MEDCS
medcs:Export
Manufactured goods, expensive , high value e.g cars
IMPORT:
raw materials + primary products
ledcs : IMPORTS
manufactured goods
EXPORTS
Raw materials e.g gold , diamonds , primary products e.g fruit, cocoa , coffee, cheap + low value
What’s a commodity
Is something that’s grown, or mined from the earth, and then traded on the world market, so coffee is a commodity
What’s a cash crop
Is a crop people grow mainly for exports so coffee is also a crash crop
What’s balance trade
The difference between imports and exports
Imports
Goods that are bought by one country from the other countries
Exports
Good that are sold by one country to other countries
What are the top coffee producing countries
Brazil
Columbia
Vietnam
Indonesia
Mexico + India
Guatemala
Peru
Ethiopia
Uganda
What can u buy with fair trade
Bananas
Chocolate
Wine + beers
Tea
Fruit and veg
Vanilla and spices
Gold
Cotton
Flowers
Nuts +dried fruits
What does fair trade do to help the farmers
Make a fiar trade price for the coffee
Pays part of the money in advanced
Gets the supermarket to sell coffee with symbol
Farmers make promises like to treat workers fairly and look after the environment
What is international aid
It’s lending help to other countries or communities who are in need is known as giving aid. With usually be financial aid. Can also take form of goods, skills and knowledge.
It’s typically given by wealthier countries or organisations to those who are less developed
Development aid
The primary aid is to create long term sustainable economic growth
Humanitarian áid
The primary aid is to provide emergency relief in times of disaster or crisis
Humanitarian short term aid
Food parcels
Blankets and tents
Resue workers
Refugee camo
Emergency services
Development long term aid
Improve water supply
Modernising farming
Building a dam
Setting up fair trade
Training local people
Multilatéral aid
Money given by many countries and organisations such as world health organisation and untied nations. They decide who gets what aid
Bilateral aid
Aid given directly from the government of one country to another its often tied meaning the LEDC has to buy good from the MEDC in return for the aid
Emergency aid
Short term aid to help in a country by other countries after an unexpected natural disaster e.g tsunami , earthquake
Charitable aid
No Charitable organisations such as Oxfam collect money for LEDCS this aid is given by independently of governments , money comes from donations made from public. These Charitas aim to help people in LEDCS help themselves
Problems with aid
It doesn’t reach the needy
Problems with distribution
Aid creates dept
Aid undermines local producers
Aid is unsuitable
Aid creates dependence
