1. Resources & Trade
Ch. 4 Sec. 4

2. Resources Natural resources: Come from the earth, not ppl 2 Types:
Renewable- cannot be used up
Wind, water, sun, forests, animals
Nonrenewable- cannot be replaced
Minerals, fossil fuels

3. * Which is more important
Resources
Nonrenewable MUST be conserved (saved)
Use enough to meet ppl’s needs today
Need enough for future generations
* Which is more important
to focus on?*

4. Alternative energy sources
Resources
Alternative energy sources
Hydroelectric power- energy from falling water
Solar energy- power from sun
Problem= Too expensive

5. Resources (Alt. energy cont’d)
Nuclear energy- power from a controlled atomic reaction
Very clean nrg, powerful
Problem= Dangerous waste

6. Economic Development
Countries specialize in activities that fit their resources
4 types of econ. activities
Primary
Secondary
Tertiary
Quaternary

7. Economic Development
Primary- taking natural resources directly from earth
Farming, fishing, mining
Secondary- use raw materials to make goods (combine/change)
Manufacturing, pottery, metal working

8. Economic Development Tertiary- Provide basic services
Clerical, retail, business/financial, education, lawyers
Quaternary- Management of information, research, processing
Computers; science; upper management

9. Economic Development Developed countries:
Lots of technology & manufacturing
High standard of living
Commercial farming-
Raise crops/livestock to SELL

10. Developing countries:
Economic Development
Developing countries:
Working toward more technology & manufacturing
Most are poor
Subsistence farming- grow only enough for family

11. World Trade
Countries export goods they produce
Countries import goods they need
 Trading partners are created

12. World Trade Trade barriers (see handout) Guess the trade restriction…
2. US farmers are allowed to obtain irrigation water from federal dam projects at very low prices to grow rice in CA desert, if they promise to sell 90% of the rice to buyers in Asia
3. If Congress and the President agree that the Chinese govn’t is guilty of human rights abuses, all Chinese imports wil experience a sharp increase in taxes.
5. Congress passes a law requiring that all foreign-grown vegetables sold in the US must be organically grown (no use of chemical fertilizers and herbicides).
1. US State Dept. officials confirm that the current Administration has decided to continue the prohibition of all US trade with Cuba.
4. Japanese auto firms agree to limits set in Washington D.C. on the number of Japanese automobiles that may be sold in the US.

13. World Trade Free trade Removal of trade barriers
WTO- World Trade Org. (1995- biggest)
GATT- Gen. Agreement on Tariffs & Trade (1st one)
Some join regional grps.
NAFTA- North American Free Trade Agreement
EU- European Union
Have regional currency (euro)

14. World Trade Multinational companies: Does business in many places
Headquartered in developed countries
Build factories & have workers in developing countries (low labor cost)

15. World Trade Outsourcing:
Move production to foreign companies = massive layoffs in U.S. (home country)
Middle class is depleting as they move down to lower paying jobs
(larger economic gap)

16. World Trade
Globalization- the growing integration of economies and societies around the world

17. HONG KONG CE Read article & staple into spiral.
Using that material and/or outside sources, state AND EXPLAIN your view on the current sticky situation between Hong Kong & mainland China.
1 page minimum
Cite other sources, if used