5.1.4 Reasons for a widening gap – Trade and investment primary products?

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Presentation transcript:

5.1.4 Reasons for a widening gap – Trade and investment primary products?

5.1.4 Reasons for a widening gap – Trade and investment Where do most primary products come from and where do they end up? How might this be changing recently in terms of - manufacturing locations - Geographical trade flow changes

Terms of trade Page 146 handout 1. What are terms of trade and how are they changing? 2. What does this mean for a. the income of a poor exporting country? b. Local people needing primary products in that country?

Coffee – example of trade pattern 1.Why is it known as black gold? 2.Which players benefit and which lose out from the current trade pattern? 3.Draw two coffee cups, one full of environmental impacts the fluctuation in prices has led to. The other social impacts.

Recap How does trade affect the development gap T R A D E