01
Front
What is a trade flow?
Back
A trade flow is the movement of goods or services between places; it can be measured by value, volume, or direction.
Free Online Flashcard Deck
4 Location of Trade and Logistics Free Online FlashCards
Study 4 Location of Trade and Logistics with 12 free online flashcards. Review key terms, definitions, and concepts with this interactive flashcard deck.
12 cards
02
Front
Which mode carries most international merchandise trade by volume?
Back
Most international merchandise trade by volume moves by sea, along shipping routes linking ports.
03
Front
What is a maritime chokepoint?
Back
A maritime chokepoint is a narrow passage or canal that can shorten sea journeys but may become a bottleneck if disrupted.
04
Front
What is a transport corridor?
Back
A transport corridor is a connected route, often combining transport modes and services, that links production areas to markets.
05
Front
What does multimodal transport involve?
Back
Multimodal transport transfers freight between modes, such as from ship to rail or truck.
06
Front
What factors support a port's location and growth?
Back
Ports develop where ships can load and unload safely, with growth also supported by inland links, infrastructure, reliable services, and access to shipping routes.
07
Front
What is a port's hinterland?
Back
A port's hinterland is the inland area that it connects to trade.
08
Front
What is a logistics hub?
Back
A logistics hub is a place where freight is collected, stored, sorted, transferred, or distributed.
09
Front
What determines a port's effective reach beyond its location?
Back
A port's effective reach depends not just on its physical location, but also on inland connections, handling capacity, reliability, digital systems, and border procedures.
10
Front
What is a global value chain?
Back
A global value chain divides the stages of making a product among different places, from supplying materials to assembling the final good.
11
Front
How do global value chains shape trade flows?
Back
Intermediate goods and services cross borders during production, connecting production sites as well as producers and final consumers.
12
Front
What is the trade-off between supply-chain efficiency and resilience?
Back
Concentrating activity in one hub can lower costs, but dependence on a single route or supplier increases risk. Alternatives can improve resilience but may add expense.
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