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Geography globalisation > Trade Agreements > Flashcards

Trade Agreements Flashcards

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1
Q

What do they allow?

A

Flows of products globally, barriers eliminated

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2
Q

Advantages on a global scale?

A

Improve global peace/security
Increase global trade
Help members develop economies

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3
Q

Advantages regionally?

A 
Compete on a global level
Bigger representation in world affairs
Freedom of movement of trade
Move between countries easily
Share technology advances
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4
Q

Disadvantages?

A

Loss of financial controls
Pressure to adopt central legislation
Economic sectors damaged due to sharing resources

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Geography globalisation (40 decks)

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