Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
5 Cards in this Set
- Front
- Back
|
RoOs |
Rules of Origin some value has to be added in the country in order to make it a "made in..." product for products, not for services |
|
|
Trade Creation vs. Diversion |
Creation: Agreement leads to new trade flows, trade diversion rather "diverts" the existing trade flows Some trade agreements make it possible for some countries to "capture" trade from other countries (trade diversion) --> new preferences create favorable conditions for new players |
|
|
Trade dependency vs. political trade dependency |
trade dependency: if 70% of trade goes to US, Nicaragua is trade dependent on US
if 70% of exports goes to US under GSP, the Nicaraguan trade dependecy is political |
|
|
Bandwagoning |
competitive dynamic cause your neighbours agreed to it (the cause) |
|
|
Spiral of precedents |
domino effect of bandwagoning (the effect) |
