Geography
Páginas: 3 (642 palabras)
Publicado: 20 de noviembre de 2012
Geography revision for the DST:
Development and trade
What is development?
* Development
How is development measured?
* The development of a country is measured by the GNP (Grossnational product) the GNP measures de wealth of a country.
MEDCS: Most economically developed countries.
LEDCS: Less economically developed countries. (GNP of less than $3000 per capita)
HDI:Human development index.
GDP: Gross domestical product.
GNP: (Gross national product) is the total value of all of the goods and services produced in a country income year divided by the numberof people living in that country. (It’s measured in US dollars)
NAFTA: North American free trade agreement
LAFTA: Latin American free trade agreement
EU: European union
OPEC: Organization ofthe petroleum exporting countries.
CARICOM: Caribbean community and common market.
ASEAN: Association of Southeast Asian nations.
W.T.O: world trade organization.
What is trade?
-Tradeis the flow of goods and services between people.
Why is trade important?
- Trade is important because countries do not produce all they need to survive and have to import goods.
Who benefitsmore from trade?
* The big countries because they usually dictate the prices they want to pay for goods from poorer countries.
BILATERAL: Two countries working together.
MULTILATERAL:Multi-lateral agreement involves more than two countries. For example the Schengen agreement.
NGO: Non-governmental organization. These are organization and associations made up of private individuals whoare usually volunteers.
IGO: Inter-governmental organizations. EX UN or the WTO.
FREE TRADE AGREEMENT: to make trade easier countries have multilateral or bilateral agreements based on commonfactors they share like geographical factors ex. NAFTA and also in historical factors like CARICOM.
EMBARGO: an official ban on trade with a particulary country.
PROTECTIONISM: the policy of...
Development and trade
What is development?
* Development
How is development measured?
* The development of a country is measured by the GNP (Grossnational product) the GNP measures de wealth of a country.
MEDCS: Most economically developed countries.
LEDCS: Less economically developed countries. (GNP of less than $3000 per capita)
HDI:Human development index.
GDP: Gross domestical product.
GNP: (Gross national product) is the total value of all of the goods and services produced in a country income year divided by the numberof people living in that country. (It’s measured in US dollars)
NAFTA: North American free trade agreement
LAFTA: Latin American free trade agreement
EU: European union
OPEC: Organization ofthe petroleum exporting countries.
CARICOM: Caribbean community and common market.
ASEAN: Association of Southeast Asian nations.
W.T.O: world trade organization.
What is trade?
-Tradeis the flow of goods and services between people.
Why is trade important?
- Trade is important because countries do not produce all they need to survive and have to import goods.
Who benefitsmore from trade?
* The big countries because they usually dictate the prices they want to pay for goods from poorer countries.
BILATERAL: Two countries working together.
MULTILATERAL:Multi-lateral agreement involves more than two countries. For example the Schengen agreement.
NGO: Non-governmental organization. These are organization and associations made up of private individuals whoare usually volunteers.
IGO: Inter-governmental organizations. EX UN or the WTO.
FREE TRADE AGREEMENT: to make trade easier countries have multilateral or bilateral agreements based on commonfactors they share like geographical factors ex. NAFTA and also in historical factors like CARICOM.
EMBARGO: an official ban on trade with a particulary country.
PROTECTIONISM: the policy of...
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