✅3.2.1.3 - International Trade and Access to Markets Flashcards Preview

AQA A Level Geography - HUMAN > ✅3.2.1.3 - International Trade and Access to Markets > Flashcards

Flashcards in ✅3.2.1.3 - International Trade and Access to Markets Deck (99)
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1

What is an import licence?

A licence issued by a national government authorising the importation of goods form a specific source

2

What are import quotas?

A physical limit on the quantity of goods that can be imported into a country

3

What are subsidies?

Grants or allowances usually awarded to domestic producers to reduce their costs and make them more competitive against imports

4

What are voluntary export restraints?

A diplomatic strategy offered by the exporting country to appease the importing country and deter it from opposing trade barriers

5

What are embargoes?

Impose the partial or complete prohibition of commerce and trade within a particular country. Put into practice for political rather than commercial reasons.

6

What are the main barriers to trade?

Import licences, import quotas, subsidies, voluntary export restraints and embargoes.

7

What are trade restrictions?

Other import restrictions may be based on technical or regulatory obstacles such as the quality standards of goods being imported or how they are produced

8

What is an example of an EU trade restriction?

The import of goods knowingly produced using child labour

9

What is FDI?

Foreign Direct Investment, the amount of capital invested in foreign countries

10

What are the main global causes of FDI?

Natural resources and size of a country's population/market

11

What is a transition economy?

One that is changing from a centrally planned economy to one driven by market forces

12

What are some of the top FDI giving countries?

US, UK, Germany, France, Switzerland, Hong Kong, Belgium, Japan, Canada...

13

What are some of the top FDI receiving countries?

US, Hong Kong, China, UK, Germany, Belgium, Switzerland, France, Canada, Singapore

14

What are trade relationships?

Alter how and why places trade with each other

15

What are some examples of trade relationships?

TTP, TTIP, G7, G20, MERCOSUR, Pacific Alliance

16

Which countries make up the G7?

Canada, France, Germany, Italy, Japan, US, UK

17

What must the G7 countries have?

A high net national wealth and a high HDI

18

Why was the G20 set up?

To give a voice to major developing countries in 1999, who felt that the WTO was not fully serving their needs

19

What are some of the countries involved in the G20?

Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, Turkey etc as well as G7 countries and the EU

20

How is China investing in Africa?

In old copper mines in Zambia and Botswana needed to support the 'industrial explosion' in China

21

How has China's investment supported African countries?

They have been able to develop infrastructure as well as healthcare and education

22

What does China rely on African markets for?

A steady flow of natural resources to sustain manufacturing

23

What does China export to Africa?

Cheap manufactured goods, FDI, much needed infrastructure and loans of billions of dollars

24

How much of China's FDI is distributed in Africa?

50%

25

How are Chinese Infrastructure programs exploiting Africa?

They are carried out by Chinese workers instead of giving local companies and citizens a vital opportunity to grown in experience and capital. They bring huge profits to Chinese companies

26

How has China compromised human rights in Africa?

In 2011, Human Rights Watch released a scathing review of treatment of Zambian workers in Chinese owned copper mines, with unsafe conditions, exploitative hours and threats to those who posed complaints

27

What have Chinese infrastructure programs created?

Roads, bridges, railways, schools and hospitals

28

How is China benefiting politically from Africa?

It is gaining power as Africa carries great diplomatic weight, shifting China's diplomatic influence away frm the US

29

How has China demonstrated its political power in Africa?

It built its first ever overseas military base on the coast of Djibouti, less than 10 miles away from the US AFRICOM, giving access to the Red Sea and Indian Ocean

30

How does inequality occur within MERCOSUR?

There are different levels of membership, unlike with EU, NAFTA etc