UNIT 5: Chapter Thirteen - 5.9, Pgs. 322-327 Flashcards
Supply Chains
All the steps required to get a product or service to customers.
Interdependence
Connections among regions of the world.
Luxury Crops
Crops that are usually grown on large plantations commonly controlled by transnational companies. Not essential to human survival but have high profit margin.
Ways Rich countries exploit poor
Countries may become very dependent on one or two export commodities. When global markets shift these countries’ economies become vulnerable and unstable.
Neocolonialism
The use of economic, political, and social pressures to control former colonies. Can be one way to describe the current state of global food distribution.
Fair Trade
Consumers noticing the disparity between the high incomes of those in developed countries, who managed trade, and the low incomes of the producers in the developing world. Then put in effort to promote higher incomes to for producers and more sustainable farming practices.
Fair Trade Movement Principles (5)
- Direct trade will eliminate the intermediary. Transactions directly between the producer and the importer ensure more money to the producer.
- Fair price paid promptly to farmers by importers. Also, the producer must pay workers a fair price.
- Decent conditions are provided for laborers, such as a safe working environment and no use of child or forced labor.
- Environmental sustainability that required farmers to use environmentally safe practices and prohibited genetically modified organisms (GMOs).
- Respect for local culture through shared agricultural techniques with farmers.
Subsidies
Public financial support.
Infrastructure
Includes the roads, bridges, tunnels, ports, electrical grids, sewers, telecommunications, etc. of a country. Global systems of agriculture not possible without this.
Ghana Vision 2020
Long-term plans for economic and social development policies, including agricultural and industrial programs. The goal was to raise Ghana into the ranks of the world’s middle-income countries by 2020.