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what is a negative trade balance what causes it
A negative balance of trade occurs when there is more imports then exports. This can happen due to unfair trade.
how does unfair trade occur
occurs when developed countries make business laws that put themselves at an advantage over their trading partners.
how can economic development occur I poor countries
it can occur if rich nations open their markets to imports from developing countries because then these countries will earn foreign currency.
list some Geographical reasons for differences in development
Climate Location Resources Environmental stability
CLIMATE climate :where are the poorest countries located in
in the tropics, where it is hot. Land is less fertile, water is scarce there is a lot of diseases.
CLIMATE which continent have good climate
Europe and North America have huge areas of fertile land, a temperate climate good rainfall. there Agricultural development is cheaper because there is adequate rainfall.
LOCATION what does location play a part in
in access to markets.
LOCATION explain. hw location plays a role in poor countries
It is difficult for countries that are landlocked or situated in high mountain ranges to transport goods to markets, these countries are often poor.
LOCATION give an example of poor countries
Ethiopia or Lesotho trade very expensive. because they are landlocked and mountainous,
RESOURCES what is Saudi Arabia rich in
in oil
RESOURCES wat does SA have
gold and diamonds
RESOURCES what does non renewable mean
means that once they are finished they cannot be replaced.
RESOURCES give examples of renewable resources
paper , wood , fish
RESOURCES if resources are used correctly what will happen to them
they will refresh themselves.