What might we be studying today?. Title: World Trade STARTER: Watch the short video clip and define...
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Transcript of What might we be studying today?. Title: World Trade STARTER: Watch the short video clip and define...
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?
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
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