THEME E/D: WTO and cw Flashcards
when was the common wealth founded?
1931
why was the commonwealth formed ? (og consisting of)
-to form positive relations (originally only consisting of former British colonies)
-help & promote global peace
what is required to join the commonwealth?
shared values of democracy, rule of law & human rights
when does the commonwealth meet and why?
every 2 years to disscuss palns about economy (specific in Africa) development of LED countries, climate action, trade on goods & services
I: what is the UK’s contribution to the commonwealth?
UK pays largest contribution
British monarch head of commonwealth
head for many states
what is UK gov policy on commonwealth 2016?
strengthen commonwealth institutions, promotes democracy, human rights, support on sustaining development
I: what is a micro edit?
making small loans to individuals to help them help themselves
how has the commonwealth helped girls in ZAMBIA?
£200,000 grant from the commonwealth for stationary, support education as she lots both parents, help through cycles of poverty, providing qualification to get out of school
what do commonwealth countries have in common?
English as a common language + working language
similar systems of law, public admissions + education
what country has been thrown out of the commonwealth, why?
ZIMBABWE 2003, infringement on human rights and undemocratic elections, did not respect commonwealth values + missions
advantages of commonwealth?
-STRONG TRADE LINKS: boost UK business, e.g UK export over £30billion goods to commonwealth states India, Canada etc
-CULTURAL & EDUCATION EXCHANGE PROGRAMMES: e.g UK offers scholarships for students to study in BRITISH unis
-DIPLOMATIC AND HUMAN RIGHTS SUPPORT: e.g UK helped monitor Sir Lanka elections
when was the WTO founded?
1995, predecessor’s established after second WW
how many members are apart of the WTO ?
over 160
what is the WTO’S purpose
economic corporation, trade negotiations, hold each other to account, equal place for countries (LED- MED countries)
why has the UK financially contributed to the WTO?
support LED countries, in order to stimulate trade
what was the UK gov policy towards WTO 2016?
encourage free trade and oppose attempts by govs to protect their countries businesses from competition
what does boycott mean?
refusal to use/have anything to do with something/product
what does fair trade mean?
system of buying and selling products that aims to buy the produce at a fair pirce
what does free trade mean?
trade between countries which is not restricted by things such as taxes + imports
what are tarrifs?
taxes on imports + exports
why do high income countries prefer free trade?
global companies can grow quicker, maximise profit
why do low income countries prefer fair trade?
goes to the producers, fair trade staff will be paid a fair wage, have good working conditions and be allowed to form a trade union
what role does WTO play in disagreements?
negotiating international fair trade agreement. WTO help sort out dispute e.g charging tariffs when shouldn’t
why may some organisations not want a boycott?
Put employees and producers out of work
advantages of tarrifs?
-more money for gov
-business in home country have a better chance of competing
disadvantages of tarrifs?
-imported goods and services become more expensive
-may cause other countries to impose tariffs in response affecting exporters
advantages of fair trade?
-without it people can be exploited, underpaid leading to poverty
-lead to families being able to afford to develop infrastructure, schools, transports
