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Flashcards in Trade Deck (11)
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1
Q

Fair trade

A
  • social movement whose goal is to help producers in developing countries
  • focus mainly on agricultural based products
  • ethical choice
2
Q

what is the main goal of free trade?

A

to increase a nations economic growth

3
Q

what is the main goal of fair trade?

A

to improve marginalised people and improve their quality of life

4
Q

what does free trade focus on?

A

trade policies between countries

5
Q

what does fair trade focus on?

A

commerce among individuals and businesses

6
Q

what is the transatlantic trade and investment partnership?

A

free trade agreement currently being negotiated between EU and USA

7
Q

what is the trans pacific partnership?

A

free trade agreement negotiated between 12 countries

8
Q

what is the role of china?

A

member of a G20 group established in 1999 to allow developing economies to have a voice

9
Q

the role of china within Africa

A
  • establishing food and retail industries
  • loans in exchange for goods e.g cocoa
  • developing textile industries
  • tourism
  • investment in resources and infrastructure
  • buying up land for production
10
Q

latin america

A

another emerging region

2 distinct trading blocs mercosour and pacific alliance

11
Q

africas exponential growth

A

africa is the fastest growing market in the world today

ict creates opportunities for business in africa