Flashcards in Differential Access To Market Consequences Deck (5)
What’s it hard for?
Countries with poor access to establish new industries due to high tariffs and being undercut
What do LIC’s depend on?
Selling low value products which fluctuate in price resulting in slow economic growth
What does high market access mean?
You can trade more and see economic growth
High paid jobs?
More disposable income =higher standard of living