2 MEDCs add import taxes/tariffs to LEDC products, this makes them more expensive.
3 MEDCs put quotas on the import of LEDC products- they are only allowed to export a set amount to a country.
4 MEDCs can also give subsidies to their producers.
5 LEDCs could protect their own producers with taxes, tariffs and quotas, but they are likely to lose loans from MEDCs.10p15p10p
6 MEDCs have joined trading blocks, such as the European Union, which protect their producers from outside imports, but allow free trade between each other.
7 LEDCs have been encouraged to produce primary products, as such overproduction leads to falling prices...1p10p
8 Primary agricultural products are effected by a number of natural factors which are out of the control of producers.
9 LEDCs tend to export primary goods and import secondary products. This creates a deficit which they have to fill with loans.100p10p
10 Trade rules and accessing MEDC markets Skilled and educated workforce I t would be in the interests of LEDCs to produce secondary products, but they struggle to do this because...Capital to investInfrastructureTrade rules and accessing MEDC marketsSkilled and educated workforcePolitical stability
Your consent to our cookies if you continue to use this website.