Employment
Where did Lesotho get their fabric and yarn imported from?
China
The Special Rule provided duty-free access to which market?
The United States
Why were Lesotho's transportation costs so high?
- Rail transport was inadequate
- Lack of storage for containers
- Road transport was difficult and expensive
- no water access
Who was Lesotho's biggest competitor in low wages?
China
Where is Lesotho located?
South Africa
Why do Labor Unions make companies less competitive?
Labor Unions lead to higher wages and more regulated hours
Who did the AGOA's Special Rule apply to?
The 33 least developed countries (LDC)
What method of transportation did Lesotho prefer to move their finished product with?
By road
What happens to a country's trade balance when its currency appreciates?
Exports decrease and imports increase
What industry dominated Lesotho between 2000-2006?
Textile industry
Why are governmental treaties so important for countries with least-developed country (LDC) status?
Governmental treaties and exceptions allow countries like Lesotho to have financial breaks and exceptions that without them, they would not be able to operate
Why are the wages of competitor counties so influential to the global market?
Companies paying extremely low wages allow them to keep their prices low which make them very competitive to the buyers in a global market
What two countries were Lesotho's biggest foreign investors?
China and Taiwan