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Flashcards in Differential Access To Market Consequences Deck (5)
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1

What’s it hard for?

Countries with poor access to establish new industries due to high tariffs and being undercut

2

What do LIC’s depend on?

Selling low value products which fluctuate in price resulting in slow economic growth

3

What does high market access mean?

You can trade more and see economic growth

4

High paid jobs?

More disposable income =higher standard of living

5

Less market access?

Less money for education and healthcare so quality of life is lower