Trends in trade

Question 1

Comparative advantage

Answer 1

Nations produce what they are good at producing

Import what they are not

Question 2

Barriers of trade

Answer 2

Import licensing
Importing quotas
Subsidies
Voluntary export constraints - used to appease importers
Embargoes - prohibition of commerce trade with an entire country
Trade restrictions

Question 3

International trade dominated by

Answer 3

N. America
Europe
E. Asia

Question 4

Largest grower

Answer 4

China

Question 5

Fastest growth

Answer 5

Pacific Asia

Question 6

Important for African emergence

Answer 6

Europe

Question 7

Trends in investment

Answer 7

FDI important
US, China and Belgium receive most investment
Attractions of investment - resources, accessibility, financial services

Question 8

Fair trade

Answer 8

Help producers in developing nations to receive better fairer pay
Producers dont get equitable deal

Question 9

Cooperative

Answer 9

Combining power to influence market to negociate better deals

Question 10

Alternative trade organisations

Answer 10

e.g. Oxfam Trading

Question 11

Ethical investment

Answer 11

Good practice companies