What might we be studying today?

Title: World Trade

STARTER: Watch the short video clip and define the following words:

traderaw materials manufactured goods servicesimportsexports

•To name products that are imported into and exported from the UK (E-D)

•To explain how MEDCs often have an advantage over LEDCs with regards to trading (C-B)

•To illustrate some issues associated with trade using the example of bananas in Ecuador (B-A*)

LOs:

Global inequalities are exacerbated by physical and human factors.

Economic factors – global imbalance of trade between different parts of the world.

TASK 1: Put the words below into the correct place in the table:

Electrical goodsConfectioneryTea and coffeeMeatCarsFinancial/legal servicesScotch whiskyCiderFruitClothing

Mostly imported into the UK

Mostly exported out of the UK

What does the UK buy and sell?

•To name products that are imported into and exported from the UK

Meat??? Mostly imported into the

UKMostly exported out of the UK

Electrical goods Confectionery

Tea and coffee Financial/legal services

Cars Scotch whisky

Fruit Cider

Clothing

What does the UK buy and sell?

Why does international trade happen?

a) “A factory with the same amount of floor space cost £500,000 in the UK and £5,000 in Bangladesh”

b) “ the paper used by the printers was a heavyweight variety grown in Brazilian eucalyptus plantations”

c) “Bananas only grow in hot and humid conditions” d) “Workers earn 11p an hour in Vietnam compared to at least £4.85 an hour in

the UK”e) “Scotch whisky can only be produced in Scotland” f) “…they used a printer in Spain to print the latest catalogue. The quality was

excellent and a huge cost saving was made.”

1. Some products can only be produced in particular places

2. Some products are cheaper to produce in some countries than others

3. A foreign company may produce higher quality products than a UK producer

TASK 2: Write each statement out under the correct heading:

To explain how MEDCs often have an advantage over LEDCs with regards to trading

TASK 3: Watch the short video clip and answer the following questions:

1.What is meant by a country’s trade balance? 2.What are the best type of products to import and export?

Imports Exports

Imports Exports

Reading the trade stories on page 203…

1. Work out the balance of trade in goods for Bangladesh, and whether it has a surplus or deficit (2 marks)

2. Give two reasons why South Korea’s balance of trade in goods has helped make the country wealthier (2 marks)

Copper

Diamonds

Gold

Oil Cocoa

Coffee

Cotton

Livestock

Oil seeds

Tea

Tobacco

Mobile phone TV

Car

FridgeDishwasher

Clothes

Furniture

TASK 4: Watch this short video clip and answer the following questions:

1.Who is involved in the production of bananas?2.Who makes the most money?3.Who works the hardest?

To illustrate some issues associated with trade using the example of bananas

TASK 5:

What would be the implications of Ecuador deciding to sell only Fairtrade bananas?

Mostly imported into the UK

Mostly exported out of the UK

Electrical goods Confectionery

Tea and coffee Financial/legal services

Cars Scotch whisky

Fruit Cider

Clothing

What does the UK buy and sell?

PLENARY: Does the UK have a healthy trade balance? Explain your answer.

Plenary

Create a simple flow diagram to show how trade effects development.

Poor trade links(trades a small amount

With only a fewCountries)

Won’t make much money

Less money to spend on development

Extension

• In your teams discuss how you would solve the issue of trade?

Fair trade or not to fair trade?