Aim: To make as much ‘money’ as possible Trade Game 19/11/2018 Do now In pairs write your own definition of trade Aim: To make as much ‘money’ as possible

Guess the top ten richest countries in the world In groups write ONLY ten countries on your paper You have 3 minutes to do this Swap papers with another group 1 mark for each correct country

Guess the order Country Biggest to smallest UK FRANCE BRAZIL RUSSIA USA GERMANY JAPAN INDIA CHINA ITALY

Rules Only 1 mark for each one in the right place

Guess the order Country Biggest to smallest UK 8 FRANCE 9 BRAZIL 7 RUSSIA 6 USA 1 GERMANY 5 JAPAN 3 INDIA 4 CHINA 2 ITALY 10

The rich list

Rules of the Trade Game The bankers are always right. Your shapes must pass quality control to be accepted by the bank (ruled and cut). Prices for goods are subject to change. No more than one person from each team is allowed up at any given time. Fines will apply for those who ignore this rule You are not allowed to use physical force or violence and must use only what you are given in your pack I am the UN and my word is final. I will not be able to answer questions when the game starts

Aim of the Game Objectives of the game: Each group tries to make as much money as possible using only the materials they are given. They can make money by manufacturing and selling goods. These are the shapes shown on the diagram, each of which has its own value. The object is to manufacture as many shapes as possible – the more you make the wealthier you will be. There are four simple rules: 1. All the shapes must be cut with clean sharp edges using scissors and must be the exact size shown. Take the shapes to the banker in batches of five to be credited to your account. 2. You may only use the materials provided. 3. There is to be no cheating or physical force during the game. 4. The leader will intervene in any disagreements.

Groups Country A- Country B- Country C- Country D- Country E- A (USA) - $1000 in bank – 3 papers, 2 pencils, 3 rulers, 2 scissors B (Japan) - $1000 in bank – 1 paper, 2 pencils, 5 rulers, 2 scissors C (Brazil) - $200 in bank – 10 papers, 2 coloured paper, 2 pencils, 1 ruler, 1 scissors D (Angola) – 2 papers, 2 coloured papers, 2 pencils E (Mozambique) – 4 papers, 2 pencils

Let the trading begin!

Bank is buying:- …and the Bank is selling: Paper - $300 per sheet Ruler - $600 each Scissors - $1000 each Pencils - $300 each (only a limited amount available) 5cm x 5cm x 5cm = $100 each 6.5 cm 5cm x 5cm = $100 each 10cm x 5cm = $ 200 each

Price change! Bank is buying:- …and the Bank is selling: Paper - $300 per sheet Ruler - $600 each Scissors - $1000 each Pencils - $300 each (only a limited amount available) 5cm x 5cm x 5cm = $500 each 5cm x 5cm = $150 each 10cm x 5cm = $ 100 each

A new resource has been discovered! …and the Bank is selling: Paper - $800 per sheet Ruler - $600 each Scissors - $1000 each Pencils - $300 each (only a limited amount available) 5cm x 5cm x 5cm = $100 each Red squares (5cm x 5cm) = $100 each 5cm x 5cm = $50 each 10cm x 5cm = $ 500 each

Global shift Largest economies in 2025 USA China Japan Germany India UK France Russia South Korea

Global shift Largest economies in 2025 Largest economies in 2050 USA China Japan India Germany Brazil UK Mexico France Russia South Korea

What country were you? UK TANZANIA INDIA ITALY KENYA BRAZIL USA CAMBODIA PERU FRANCE NIGERIA GHANA

Groups Group Possible countries A UK ITALY FRANCE USA B INDIA BRAZIL PERU NIGERIA C TANZANIA KENYA CAMBODIA GHANA

Things that happened Change in market value Supply extra raw materials Use posits Give Aid Cost of Trade Strike and unrest

Change in market value Countries often find their own technology outdated by scientific developments Price decline when there is over supply of goods. The coffee market is constantly fluctuating due to over production In Uganda the price of coffee fell from $0.63 per lb in 1999 to $0.25 per lb in 2001. Coffee accounts for 70% of Uganda's exports

Supply of extra raw materials Some countries often raw materials or resources However the poor countries that find the resources are often exploited Kazakstan oil revenue has done little to help the population, 8% of the country got richer, however most live on less that $1 a day, and have no access to clean water

Positives Some countries do not have the technology to know what resources they have USA company RiceTec Inc patented basmati rice, Indian farmers are now loosing profit and control of their most basic food. The Democratic Republic of Congo has a very sort after mineral used in mobile phones, the USA made agreements to buy all of this from them before they knew the value at a small fraction of the price

Give Aid Aid plays an important role in supporting the development of poorer countries to help benefit from trade. Give a man a fish he will eat, give a man a net a net and he will feed his family for generations. Many farmers are subsidised: given money to keep them in trade because the government know there product is worth little now, but in 10 years it will be

Plenary What did your country start with? What was your role? What key events happened during the game? Do you think your country was a LEDC or MEDC? Does the game reflect real life?