Theory question 105
Transport, Trade and TourismWhat five factors determine the volume of trade between Nigeria and Ghana?
Show the model answer
Model answer
Similar products (cocoa, timber, palm produce) reduce trade; different currencies and exchange problems; transport links (coastal road through Benin and Togo, shipping); tariffs, border controls and smuggling; political relations (e.g. expulsions of aliens, border closures); ECOWAS agreements; purchasing power and demand; language and colonial ties
Explanation
Give factors that raise and lower trade.