Trade

• Explain 1

  • a majority of trade is concentrated in the global triad (north America, Western Europe and east Asia) 
  • a stronger tendency for neighboring countries to trade as they have stronger political associations such as common trading areas and historical sites 
• explain 2

  • when there is high trade levels, high levels of economic activity and employment would occur. This can lead to greater technological advancements, better infrastructure due to sufficient economic funds
  • high-end goods are manufactured with highly-paid labour, because of the special skills required. This labour is usually concentrated in developed countries and the wages are higher 
• LINK

  this would lead to uneven development of countries because the developed countries would receive higher trade levels due to stronger political associations and higher quality of goods. Less developed countries are unable to manufacture high-end goods due to low-skilled labour and therefore, their goods tend to be low-end. This lowers the amount of trade levels LDCs would get and not allowing them to have greater economic activities and economic benefits