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TRADE

Transfer of
goods/services
in exchange for
other
goods/services.

What is it?

Free trade- no
restriction or
protectionist
policies on trade
ie. No
tariffs/quotas
e.g. China and
Africa trade
minerals and oil
from Nigeria
Currently
US$200bil worth
of trade

MARKET
ACCESS

Conditions set
by countries
for the import
of specific
goods.
Government
intervention
tariffs/quotas,
to make
imports less
competitive
Quality control
Subsidies

FAIRTRADE

DEBT RELIEF

AID

REMITTANCE

Creation of jobs
in traded good
Distribution of
wealth and
resources

How does it
reduce
disparities?

How successful
has it been in
reducing
disparities?

Exchange of
goods for
FDI/Aid
Investment in in
less
developed/indus
trial countries
e.g. Chinas
investment in
Africa US$40bil
in roads,
railways HEP
telecommunicati
on etc

Depends

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