X hits on this document

Powerpoint document

6GEO3 Unit 3 Contested Planet Topic 5: Bridging the Development Gap - page 11 / 24

198 views

0 shares

2 downloads

0 comments

11 / 24

Trade and development

Trade is important to development, because it generates income.

Least developed countries play a limited role in trade:

LDCs tend not to be part of trade blocs, so their exports are subject to tariffs

LDCs often export commodities, the price of which fluctuates wildly (see graph)

Cheap commodity export earn few Dollars, but Dollars have to be used to import manufactured good – this creates poor terms of trade (see picture)

Much of the value of the products we buy is added outside the country which supplied the raw materials

The 49 least developed countries account for only 0.9% of world trade, but have over 700 million people

Document info
Document views198
Page views223
Page last viewedMon Dec 05 08:48:39 UTC 2016
Pages24
Paragraphs446
Words2947

Comments