SP 2.1 - Neocolonialism Flashcards
What is Ghana’s official language?
English
Commodities such as cocoa are traded in what sort of market (as to ensure future supply)?
Futures market
What is the purpose of developing raw materials such as cocoa into finished goods?
Value is added to the products, aiding the local production economy
Respectively, what were the EU import tariffs on cocoa power, chocolates containing cocoa butter and finally cocoa beans themselves in 2007?
7.7%, 15%, and no tariff, respectively
The process of raising import tariffs for developed goods is known as what?
Tariff escalation
Another factor concerning the availability of cocoa which makes these raised tariffs worse is what?
Cocoa is seasonal
What company formed in 1993 with the purpose of tackling the exploitation of cocoa farmers in Ghana?
Kuapa Kokoo
The process of growing food abroad in sub-Saharan Africa as to consume water that local nations don’t have the infrastructure to exploit can be called what?
Land grabbing
In Madagascar, protests to a South Korean company called Daewoo Logistics that would have leased a large amount of land eventually led to what conclusion?
A contribution to the president being overthrown
Chinese investment in Africa has negatively impacted nations such as South Africa in what ways?
Factories pay below minimum wage, loans are ‘tied’ and African resources are being hoarded
Chinese investment in African nations has had what obvious benefit?
Employment has been greatly boosted
‘Land-grab’ purchases in developing countries have risen by what factor in the past decade?
A ten-fold increase
What is often the ulterior motive for investors in land, aside from from production?
Water, mineral resources and hydrocarbons
