global interdependence and world trade

•global interdependence means trade with other countries for those items they cannot produce themselves

•LEDC’s buy products they need but at market prices they cannot afford, leading to debt

•interest rates mean that these countries are even poorer, exploiting them 

•world trade systems guides countries’ prices of goods, not helping those in poorer countries as they sell to the highest bidders

•many have to self-produce however are hindered by wealthy farmers taking the best land