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Global Market Access

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Global Market Access

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Explore how markets open up for countries.

Created by

Mark Cowan
Mark Cowan
United Kingdom

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Global Market Access
 

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Global Market AccessOnline version

Explore how markets open up for countries.

by Mark Cowan
1

Access to markets is about how it is for countries to trade with one another . This is determined by and barriers and by wealth : tend to have greater access than and LICs , allowing them to invest and sometimes high by locating factories abroad . Being part of a trade or agreements like the WTO , such as ( ) , can extend access for LICs . However , LICs often depend on selling primary products , which affects and development .

2

? Economic impacts include :
Hard for countries with poor access to establish new industries due to high making their products uncompetitive .
LICs therefore often dependent on selling products which are value and can fluctuate in price . This leads to a low and economic development is slow .
High market access leads to more economic growth as they trade more . Citizens are .
TNCs from invest in LICs / NEEs to gain to their markets . This can disadvantage the countries who are at the of companies owned by HICs

3

Better market access often results in paid jobs . More income leads to an increased of living .
Poorer market access means there is less money available for and healthcare so of life is generally .
Better market access in HICs has led to improved social status for and ethnic minorities due to better education . This gives them more to shape their own lives and societies .
Poorer market access means LICs often accept which have paid jobs and poor working conditions . Many employ children which is illegal in HICs .

 
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