Trade & Investment

Question 1

Example of where increased trade has resulted in decreased inequality

Answer 1

Uganda

Question 2

% of Uganda’s GDP growth per capita due to trade

Answer 2

3.8%

Question 3

Example of where inequality has remained despite increased trade

Answer 3

Vietnam

Question 4

% of developing countries’ merchandise which is now manufactured

Answer 4

80%

Question 5

Exception to volume of trade increasing each year

Answer 5

2008

Question 6

N.America, EU, East Asia responsible for what % share of global trade?

Answer 6

80%

Question 7

What X3 regions are responsible for 80% of global trade

Answer 7

N.America, EU, East Asia

Question 8

The 49 LDCs are responsible for what % share of global trade

Answer 8

0.9%

Question 9

Africa is responsible for what % of global trade

Answer 9

2.5%

Question 10

TNCs originating in the south employ how many workers worldwide

Answer 10

6million

Question 11

What % of developing country exports go to other developing countries?

Answer 11

50%

Question 12

Developing countries share of global trade increase (1995-2006)

Answer 12

X3

Question 13

Example of South-South cooperation

Answer 13

China investment into Africa

Question 14

What disadvantages are there of LDCs often not being part of trade blocs?

Answer 14

• hurt by protectionism
• subject to tariffs
• difficult to gain competitive market access

Question 15

Example of trade agreement helping developing nations being scrapped

Answer 15

1990s EU placed tariff on dollar bananas to help ex-colonies
since scrapped

Question 16

China’s investment in Africa has resulted in how much $$$$ debt being cancelled?

Answer 16

$10billion

Question 17

what type of trade is being discussed between China and Africa

Answer 17

0-tariff

Question 18

How much investment has gone into Africa from China into a new oilfield in Angola?

Answer 18

£800million

Question 19

What fraction of CHina’s oil is from Africa?

Answer 19

1/3

Question 20

How much has China invested into a new pipeline with Saudi?

Answer 20

$8billion

Question 21

X2 sources of Timber for China

Answer 21

Gabon and Cameroon

Question 22

Africa is a source of what fraction of the world’s uranium?

Answer 22

1/3

Question 23

Africa is a source of what % of the world’s hydroelectric potential power?

Answer 23

40%

Question 24

China has access to African markets, worth £3bn in trade of Chinese goods, where is its main market?

Answer 24

South Africa

Question 25

What does china earn annually in selling its goods to African markets?

Answer 25

£3bn

Question 26

China is Africa’s what largest market?

Answer 26

3rd

after USA and France

Question 27

Why is Chinese aid well received in Africa?

Answer 27

no colonial history

Question 28

How many Chinese companies now operate in Africa?

Answer 28

700

Question 29

What type of trade does Africa have with China, despite it being its 3rd largest market?

Answer 29

trade deficit

Question 30

How many tariffs for African goods into China were scrapped, giving Africa greater market access?

Answer 30

190 tariffs scrapped

Question 31

What programme lasted for 10years with little impact between Africa and the US?

Answer 31

African Trade and Opportunity Act

Question 32

What did the Africa Trade and Opportunity Act allow for?

Answer 32

extension of US market access to 40 African states

Question 33

Why did the Africa Trade and Opportunity Act have little impact?

Answer 33

other preconditions not met;

• still low wages
• intermittent power supply (deter investment)
• government corruption
• not as efficient as competitors (e.g China)

Question 34

Many handicaps to development despite trade and investment, e.g X3

Answer 34

• population growth
• political instability
• climatic disasters