geog hmk

geog hmk

1. commodity traders

   • large companies that rely on imports of certain goods can guarantee/ estimate supply to sustain demand
     • E.G: Guatamalan chocolatecan be sold to London chocolate shops at a fair price
   • can encourage competition for cheaper produce
   • Can cause companies to pay workers less to make more money

2. Overseas Tariffs

   • Vietnam V.S U.S
     • products say made in Vietnam when they are made in china to avoid tariffs
     • Trump threatens tariffs
       • This could prevent Vietnam from efficiently trading with the U.S, causing businesses to relocate to other countries where there are no tariffs
   • 'trade war' tariffs
     • companies are relocating from China
       • this has boosted the Vietnamese economy by 8%, and makes it a larger player in the global trade market as transnational corporations depend on their labour to operate

3. Low Income Countries cannot work efficiently as trade laws benefit High Income countries

   • Farms and factories work far below capacity
   • Lack of infastructure prevents them trading
   • Laws prevent unsafe, underage labour
     • protects workers
     • prevents low income countries crom trading because they lack the infastructure to trade without human labour, and transnational corporations want to have as much labour as possible