Name: tutor2u
Address: Boston House, 214 High Street, Boston Spa, West Yorkshire, LS23 6AD, United Kingdon
Telephone: 0844 800 0085

Trade in Sub Saharan Africa Short Answers

Level:: A Level, IB

Board:: AQA, Edexcel, OCR, IB, Eduqas, WJEC

The level of intra-regional trade in Sub Saharan Africa is much lower than for advanced, high income countries. What is meant by intra-regional trade. Explain two ways in which intra-regional trade in Sub Saharan Africa might be increased

What is meant by intra-regional trade

Intra-regional trade is the exchange of virtually identical products between countries within the same region.
For example in Sub Saharan Africa, nations might each trade similar products such as copper or cocoa beans.
Intra-regional trade is measured as a % of the total value of trade.

Explain two ways in which intra-regional trade in Sub Saharan Africa might be increased

Intra-regional trade is often held back by a lack of export diversification and inadequate infrastructure and residual tariff and non-tariff barriers
SSA might increase intra-regional trade by attracting inward FDI to help build improved transport/logistics infrastructure such as improved motorways and high-speed rail links.
This will lower the cost of getting products to markets within the continent.
Diversification through pro-manufacturing policies - is important to establish new areas of comparative advantage.
For example, Asia is building complex and large supply chains and trading more within the region as a result - with intra-regional trade climbing above 51% in 2013.

Our subjects

Specialist channels

Economics

Student Videos

Trade in Sub Saharan Africa Short Answers

Our subjects

Explore

Contact