MORAL EDUCATION DONE BY: AISHA ALZAROONI GR;10AA

GLOBALIZATION DEFINTION Globalization Globalization or globalisation is the process of interaction and integration between people, companies, and governments worldwide. Globalization has grown due to advances in transportation and communication technology. With increased global interactions comes the growth of international trade, ideas, and culture.

IMPORT DEFINTION: An import is a good brought into a jurisdiction, especially across a national border, from an external source. The party bringing in the good is called an importer. An import in the receiving country is an export from the sending country

DOMESTIC :

EXPORT DEFINTION: The term export in international trade means the sending of goods or services produced in one country to another country. The seller of such goods and services is referred to as an exporter; the foreign buyer is referred to as an importer. Export of goods often requires involvement of customs authorities.

UAE TOP FIVE EXPORTS The United Arab Emirates is the 25th largest export economy in the world. In 2016, the United Arab Emirates exported $174B and imported $196B, resulting in a negative trade balance of $22.3B. In 2016 the GDP of the United Arab Emirates was $348B and its GDP per capita was $72.4k. The top exports of the United Arab Emirates are Crude Petroleum ($36.4B), Gold ($27B), Refined Petroleum ($19.1B), Diamonds ($8.22B) and Petroleum Gas ($6.97B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Gold ($27.4B), Diamonds ($11.9B), Cars($11.1B), Planes, Helicopters, and/or Spacecraft($10.4B) and Broadcasting Equipment ($9.1B). The top export destinations of the United Arab Emirates are India ($18.4B), Switzerland ($16.9B), Japan ($15.7B), China ($11B) and Oman ($10.6B). The top import origins are China ($25B), the United States ($17.2B), India ($15.5B), Germany ($14.7B) and Japan ($9.2B). The United Arab Emirates borders Oman and Saudi Arabia by land and Iran and Qatar by sea. Exports

FIVE TOP COUNTRIES WHO BUY FORM UAE D ubai: Families and dependents in Asia remain the biggest beneficiaries of money sent home by expatriates working in the UAE and around the world, with India, China, Philippines and Pakistan emerging in the top five biggest recipients of remittances in Foreign workers from Asian countries constitute a huge part of the expat population in the UAE, considered to be one of the major sources of global remittances. They’re among the 200 million expats that support some 800 million family members around the world. A new report out this month from the United Nations International Fund for Agricultural Development (IFAD) showed that India took home the crown as the top-receiving country for earnings made by migrants, recording a total of $62.7 billion (Dh230 billion) in wire transfers from abroad. Chinese dependents and families received the second-highest amount of money sent home by expats at $61 billion, followed by Filipinos ($29.9 billion), Mexicans (28.5 billion) and Pakistanis ($19.8 billion). The report clearly illustrates that Asian expats are the biggest sources of funds that provide much –needed support to dependent families and individuals. Exchange houses have reported that money flows from the UAE continued to increase in 2016 amid sluggish economic growth and weak oil prices, with the volume of outgoing cash transfers increasing by 10 per cent to 12 per cent last year compared to India emerged as the number one beneficiary of funds sent by expats from the UAE. The total amount of cash sent from the UAE is estimated to reach around Dh70 billion annually. The money sent home by expats is usually used by their dependents to buy food, medicines or pay for school expenses and better housing. “This money is spent on food, health care, better educational opportunities and improved housing and sanitation. Remittances are therefore critical to help developing countries achieve the sustainable development goals,” said Pedro de Vasconcelos, manager of IFAD's financing facility for remittances and lead author of the report. According to the IFAD report, the amount of money sent by expatriates to their dependents in Asia and the Pacific ballooned by 87 per cent over the past ten years, reaching $244 billion. Gilbert Houngbo, IFAD chief, noted that the earnings shared by expats to their dependents back home have indeed made a difference in other people’s lives. “It is not about the money being sent home, it is about the impact on people’s lives. The small amounts of $200 or $300 that each migrant sends home make up about 60 per cent of the family’s household income, and this makes an enormous difference in their lives and the communities in which they live,” said Houngbo.