Trade in the Global Community Grade 9 Social Studies

Inquiry Question Does globalization influence our economic activity? Does the global economy have an impact on your future?

Trade Olympics Canada’s Top 15 Trading Partners

Canada’s Top 15 Partners in Trade: Imports International Trade Canada United States: $347,240,902,000 (46.8% of total Canadian exports) China: $19,918,246,000 (4.3%) United Kingdom: $13,680,254,000 (3%) Japan: $10,382,108,000 (2.3%) Mexico: $5,275,137,000 (1.2%) Hong Kong: $4,753,985,000 (1%) Netherlands: $3,483,423,000 (0.8%) Germany: $3,399,830,000 (0.7%) South Korea: $3,334,025,000 (0.7%) France: $2,942,584,000 (0.6%) India: $2,760,047,000 (0.6%) Brazil: $2,402,689,000 (0.5%) Belgium: $2,316,117,000 (0.5%) Norway: $2,004,894,000 (0.4%) Italy: $1,895,280,000 (0.4%)

Canada’s Top 15 Partners in Trade What conclusions can you draw from this activity? 1.Canada has a lot of trading partners. 2.The countries that we used to believe were are largest trading partners (ex Thailand) are no longer 3.Globalization influences us here in Atlantic Canada.

Food For Thought How can a small area like Atlantic Canada compete then against a lot of worldwide corporations that have gone global? Can we?

Describe the evolution of global economic activity in Atlantic Canada

Anticipation Guide 1. My future will be influenced by economic globalization. 2. Outsourcing is the way of the future and should continue to develop. 3. Atlantic Canada is a strong participant in the global community. 4. I will choose my future occupation based on what I know about globalization.

Anticipation Guide: Agree or Disagree 5. Canada should continue to trade with large and economically powerful countries like China. 6. I expect to have access to the products I want regardless of how they are produced or get into my hands. 7. I can do something to help the poverty that exists in countries because of globalization and the economy.

Program Outcomes Students will be expected to: describe the evolution of global economic activity in Atlantic Canada analyze factors that contribute to the globalization of economic activity demonstrate an understanding of how globalization of economic activity affects Atlantic Canadians and others in the global community

Shopping Cart Activity Where do our goods and services that we use in Atlantic Canada actually come from? Complete activity. Answer analysis questions. Compare results to What do we import and export? Research to find what we import and export to each country in the Top 10 list. Fill in chart Chart “What Are We Looking For In Trading Partners?” -video“What Are We Looking For In Trading Partners?”

What is economics? The study of our efforts to satisfy our unlimited wants through the use of limited resources.

Evolution of Trade in Atlantic Canada How did this all come about? It has not always been this way for Canada? “The Evolution of Trade in Atlantic Canada”- (Prezi presentation)“The Evolution of Trade in Atlantic Canada”- “The Evolution of Trade in Atlantic Canada” (Prezi presentation script)“The Evolution of Trade in Atlantic Canada” The Evolution of Trade Timeline Assignment

Analyze factors that contribute to the globalization of economic activity

Globalization of the Economy Globalization of the economy: It means integrating your company into the economy of another country by trading with them, investing in them and even manufacturing in their country.

Factors That Contribute 1) advancement of science and technology- leads to a reduction in transportation and communication costs

Factors That Contribute 2)market-oriented economic reforms leads to development of organizations Examples: GATT- General Agreement on Tariffs and Trade Research Assignment- Trade Organizations WTO- World Trade Organization Research Assignment- Organizations Chart

Factors That Contribute 3) contributions of multinational corporations Definition of multinational corporation: A company that does business in another countries. There may be a branch office there, production factories or outsourcing. Examples??

Examples of Multinational Corporations

What is the main idea of this image?

“The Fries That Bind Us” “The Fries That Bind Us” Click above for enlargement

Multinational Corporations Video McDonald’s and Globalization

Why have international trade? Increased consumer choice and satisfaction Higher standard of living World peace???

Laws of Supply and Demand What we demand and what we supply is based on our culture and by what we define as needs at a given time.

Word Wall Words Consumer Demand Economic good Economic service Supply Demand Producer Hidden market Substitution effect

Notes: Economic Principals Supply and Demand Demand- As the price of an item rises, people will buy less of it. As the price of something falls, people will buy more of it Supply- As the price of something rises, suppliers produce more of it. As the price of something falls, suppliers produce less of it.

Demand Curve for Whoppers Notebook Example

Supply Curve for Tootsie Rolls Notebook Example

Demand and Supply Curve for Mangos Notebook Example

Supply and Demand Assignment Assignment

Word Wall Words Absolute Advantage Comparative Advantage Opportunity Cost

Absolute + Comparative Advantage Absolute Advantage-the ability of a country to produce a good more efficiently than another country Opportunity Cost- what you have to give up in order to make a choice Comparative Advantage-when one country can produce a good or service at a lower opportunity cost than another (This means a country can produce a good relatively cheaper than other countries.)

Advantage Up Close Take notes as you watch the following videos to help you to understand the concepts of absolute advantage, comparative advantage and opportunity cost Absolute Advantage Comparative Advantage Opportunity Cost

Advantage Up Close Absolute Advantage (Don’t click on free trial- just go as far as you can without that.)Absolute Advantage Absolute and Comparative Advantage – excellentAbsolute and Comparative Advantage Absolute and Comparative Advantage – excellentAbsolute and Comparative Advantage

Economic Sectors Accessing your prior knowledge 1. What do the following words mean: Primary? Secondary ? Tertiary ? Quartenary? 2. What are some primary industries? 3. What does GDP stand for? 4. What is competition? 5. What are some companies that compete against each other? 6. In economics, is competition good?

Economic Sectors Accessing your prior knowledge 7. What is considered a natural resource? 8. What is aquaculture? 9. Is aquaculture practiced on P.E.I? Where? 10. What are the Grand Banks? 11. What are the types of fish we process? 12. Where is the closet mine? 13. Is there any mining on P.E.I.? 14. What is crop rotation?

Economic Sectors Accessing your prior knowledge 15. Why is crop rotation important? 16. What is organic farming? 17. What do Cavendish Farms and McCain’s have in common? 18. Much of the wood we harvest in the Maritimes is used for what? 19. How do industries and factories know where to locate?

Economic Sectors- Word Wall sector primary industry secondary industry tertiary industry quatenary industry gross domestic product (GDP)

Notes: The Atlantic Economy 1. Growth of the Atlantic Economy Past vs present- change in work sources

Applying Your Skills p

Notes: The Atlantic Economy 2. Primary Industry - based on resources - decline- Why? - today

Focus On…Figure 11.3, p a) Where are pulp and paper mills located relative to rivers and oceans? b) Give reasons for the pattern you see. c) Why are there no paper mills in Labrador? 2. a) Which province has the largest percentage of its land devoted to farming? b) Do some research to find factors that would explain this pattern.

Focus On…Figure 11.3, p a) Pulp and paper mills are generally located close to rivers and oceans. b) Rivers provide an inexpensive means of transporting the product. Processing pulp and paper also requires a great deal or water, especially for diluting waste from the pulp and paper process. c) There are no major paper mills in Labrador because the trees that grow in this sub-arctic environment are small and sparsely distributed over a large area. This causes problems with access, and transportation for the material and it is too far from the markets. 2 a) P.E.I. has a larger proportion of its land devoted to farming. b) -The content and type of soil is ideal for farming, especially potatoes. -The land is relatively flat and therefore easier to use for farming than rocky terrain. -The climate is moderate and the growing season is relatively long.

Primary Industry- Fishery Continental Shelves: While the average ocean depth is 4000 meters, continents extend under the ocean forming “continental shelves”. These shelves can be anywhere from tens to hundreds of kilometres wide and up to 500 meters deep. Not only are these areas good habitats for fish, but they are often rich in oil and mineral deposits.

Seal Hunt Controversy Video:“ US Chefs Ban Canadian Seafood”Video:“ US Chefs Ban Canadian Seafood Video: Compass October, The Other Side 2 articles: “Chefs For Seals” “ Celebrity Chef Slams US Campaign Against Canadian Seal Hunt” **Article Analysis

Think- Pair- Share Fishing Issues 1. Should fish farming be encouraged? 2. Should oil companies be allowed to drill for oil in the Atlantic Ocean? 3. Should the seal hunt in Atlantic Canada be banned? 4. Should driftnets used in fishing be banned?

Primary Industry- Forestry Word Wall Forestry allowable annual cut (ACC)

3 Primary Industries: Questions 1. For what purpose are most of the trees cut in Atlantic Canada? 2. What four factors does the government consider for the allowable annual cut? 3. How much of the forest is cut each year in Atlantic Canada? 4. According to table 11.4, which province relies on forestry the most? 5. What are two different methods use to extract minerals? 6. According to 11.5, which province relies on mining the most? 7. According to table 11.7, which province relies on farming the most? 8. What are the three main stages of farming and give two examples for each.

3 Primary Industries: Answers 1. For what purpose are most of the trees cut in Atlantic Canada? -Most of them go to the pulp and paper mills. 2. What four factors does the government consider for the allowable annual cut? -The four factors they consider are: *the rate of tree growth *loss from fires, insects and disease *impact of cutting on wildlife *the number of trees to be replaced.

3 Primary Industries: Answers 3. How much of the forest is cut each year in Atlantic Canada? -About eight percent is cut each year. 4. According to table 11.4, which province relies on forestry the most? -New Brunswick relies on forestry the most. 5. What are two different methods use to extract minerals? -The two different methods used are open pit mining and the shaft method.

3 Primary Industries: Answers 6. According to table 11.5, which province relies on mining the most? -Newfoundland and Labrador relies on mining the most. 7. According to table 11.7, which province relies on farming the most? -P.E.I. relies on farming the most. 8. What are the three main stages of farming and give two examples for each? -The first stage is the input stage and two examples of that are tools and labour. -The second stage is the process stage and two examples of that are planting and harvesting. -The third stage is the output stage and two examples of that are crops and waste products

Primary Industries 3 Conditions Sheet Answers

“Mining At Voisey’s Bay” Text, p 164,165 Focus On….Figure 11.7

“Mining At Voisey’s Bay”- Answers 1. Primary industries – Local farmers and fishers, as people need their products. Secondary industries – Some would include producers of some mining supplies or equipment, construction companies, and crafts people. Tertiary and quaternary industries – *Mining and technical services could include drilling companies, survey companies, mineral labs, mining equipment sales, etc. *Transportation could include airline companies, shipping companies, fuel companies, truck and car retailers, etc. *Food and Accommodations could include grocery stores, restaurants, lodging places, trailer parks, etc. *General Services include banks, schools, hospitals, etc.

“Mining At Voisey’s Bay”- Answers 2. Based on the location of Voisey’s Bay, the ore will likely be transported by ship. Ships and trains tend to be the most common means of transporting product of that bulk and weight. 3. Ice would cause problems with transportation of the ore and also with getting supplies in. As a result, alternate schedules may need to be made. One also has to consider the effect of the cold on people and machinery.

Notes: The Atlantic Economy The Environmental Impact of Mining

Assignment: Shale-gas Debate in N.B. Video: “Shale Gas Protests in New Brunswick”“Shale Gas Protests in New Brunswick” Assignment

Primary Industry: Farming Word Wall Crop rotation Contour plowing subsidize

Organic Farming sheet

Four Corner Discussion Should we buy only organically produced vegetables?

Secondary Industries Why do secondary industries locate where they do?

Let’s Talk About French Fries McCain’s

PEI Food Technology Center p. 173 Food Guide Pyramid Nutritional Label Assignment

The New Economy Chart p

When I Grow Up “When I Grow Up” Career Inventory Cluster

Economic Outlook- Word Wall regional disparity seasonal work brain drain transfer payments diversify

WORD WALL QUIZ