L3 - Like for Like Flashcards
1
Q
What does OECD stand for?
A
Organisation for Economic Cooperation and Development.
2
Q
What are NIC’s?
A
Newly Industrialised Countries
3
Q
Which countries are part of the G8?
A
UK, France, USA, Germany, Italy, Japan, Canada, Russia
4
Q
Which countries are NIC’s?
A
China, India, Indonesia, Mexico, South Korea
5
Q
What is the Davos Group?
A
The top 2,500 businessmen, scientists, political leaders and selected intellectuals come together to solve the worlds problems.
6
Q
What are some benefits of Trade Blocs?
A
Larger markets, comparative advantage, economy of scale, helps small firms to merge
