trade 2 Flashcards
Globalization economic
More efficient, more competition, general positive effect
Benefits because quality will increase
Globalization ecology
Rainforest reduction
Negative impact
Habitat of wildlife is reduced
Globalization Politcs
Human rights, democracy, right for workers
Globalization cultural
Reduce cultural differences
Globalization gives more mixed cultures
Product dumping
Waste products, can also be sold in for cheap prices
Turnover tax
Purchase and sales
Export and import within EU b2b 0%
Export and import outside EU, vat of country sold to
Free trade
Competition between local and imported products decreases prices and increases quality
GATT
general agreements on tariffs and trade
WTO
World trade orgainzaion
Partial trade agreement
Two or more countires liberalize trade of prodcuts categories
Free trade area
Trade in goods and service is fully liberalized between two or more countries
Customs union
AN FTA plus common external tariff
