Flashcards
Groups
Cards in this deck (3)
- 1Why might nations group?/advantagesEasier movement of people seeking work
Greater chance of peace
Smaller nations have a bigger say in world affairs
Increasing trade therefore SOL
Sharing knowledge
Support for declining industrial and remote areas
Developing common currency to simplify transactions
Political statement e.g. G8-->G7
Share culture
Reduce tariffs on imports+encourage trade between close/ similar countries e.g. Mercosur - 2What are the different types of groups?Freetrade Areas- abolish tariffs and quotas between themselves e.g. NAFTA
Customs Unions-reduced tariff from those inside, tariff on imports from outside e.g. Mercosur
Common Markets-like customs but allow movement of labour and capital e.g. old EU
Economic Unions-all above and common policies e.g. EU - 3DisadvantagesLoss of sovereignty as decisions are centralised
Loss of financial control with a central currency
Pressure to adopt central legislations
Some economic sectors may be damaged e.g. fishing int he UK
Voting systems mean the more elite have more power
Smaler regions demanding a voice leads to separatist movements
Exclusion from groups could lead to issues
Corruption is overlooked for the benefits, get away with it, if alone no one would trade with them so they would need to change e.g. MINTS
Information
- Description
- A2 Geography Flashcards on Groups, created by Anousha Stenning on 21/12/2016.
- Created by
- Anousha Stenning · Dec 2016
- Updated
- Dec 22, 2016
- Views
- 0
- Rating