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Concerns about globalisation
Essay specific features
Written by:
Michael J
Date added:
March 27, 2013
Level:
Grade:
A
No of pages / words:
2 / 480
Was viewed:
9412 times
Rating of current essay:
Essay content:
Secondary markets focus mainly upon the further processing of raw commodities (e.g., corn syrup, bread, soy-based oil products, steel, cut minerals). Tertiary markets specialize in facilitating production and trade by providing financing, access to markets, and access to information about markets (e...
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Thus, a nation whose economy focuses almost exclusively upon primary commodity production will experience "economic leakage" of potential profits to nations involved in secondary and tertiary markets because it is not involved in these more lucrative ventures.
Perpetual Status
A concern expressed about the WTO and other organizations that govern international trade is that nations involved in primary commodity production will find it very difficult to develop secondary or tertiary markets...
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