The Growth of World Trade

Tuesday, 16 July 13

What you need to know and be able to do by the end of the lesson

•Outline the recent changes in world trade•Explain why these recent changes occurred•Evaluate the use of tariffs•Outline the extent of growth in world trade•Analyse the Asian and Global financial crisis

Tuesday, 16 July 13

World trade has been changing significantly in recent years

There has been a significant increases in the global trade in services such as education and investment such as shares

Why do you think there has been this change?

Tuesday, 16 July 13

Transnational Corporations - Companies that operate beyond the boundaries of a single nation or state

What are some examples?

Tariff Walls - In order to protect a nation’s own manufacturing, a country or state may apply tariffs. A tariff is a tax on an imported good.

Is this Right?

Tuesday, 16 July 13

The how and why of the growth of world trade

The end of the Second World War

The rise of Transnational corporations

Allied nations created a international financial system

Tuesday, 16 July 13

The extent of world Trade

127 billion in 1960 to 1 trillion by 1977 and 16 trillion by 2008

Tuesday, 16 July 13

Activity

This activity is to be completed in pairs. Select one of the crisis below to investigate. You do this individually. After you are confident you have learnt the information you are required to teach your partner. Use the questions below as prompts

The East Asian Financial Crisis of 1997-1998

The 2008 Global financial crisis

QuestionsDescribe what happened?Explain the impact the crisis had.Explain how the crisis was resolved.

Tuesday, 16 July 13