Title: Concerns about globalisation

Essay Details

Subject: Technology
Author: Peter N
Date: December 20, 2014
Level: University
Grade: A
Length: 2 / 480
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

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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