Download presentation
Presentation is loading. Please wait.
Published byBernice Kennedy Modified over 9 years ago
1
Who is someone that you depend on? Why are you dependent on him/her?
2
You will all have different resources, but you must acquire these things for your society: ◦ Money/Capital — make five rectangles of green paper ◦ Natural Resources/Oil — make 3 black circles ◦ Shelter — make a brown square and attach a white triangle to the top of the square. ◦ Industry/Factories — Make a five-link paper chain, with each link being a different color. ◦ Education — Make a four-page book out of four different colors. Groups will appoint 1 ambassador who can meet and trade with different societies. Only this person can speak with other groups. The other 2 members must construct the goods. You have 15 minutes to make everything you need for your society.
3
Trade is one way that nations solve the problem of scarcity (not having enough resources for your wants/needs). They trade to obtain goods/services that they cannot easily produce. Comparative Advantage – Some countries are better suited to produce products. If you had more of something, that is your comparative advantage ◦ What was your group’s comparative advantage?
4
Exports – goods sold to other countries. Imports – goods purchased from other countries. Balance of Trade – difference between value of a nation’s imports and exports Favorable Balance of Trade: exporting more than you import Trade Surplus – value of exports bigger than value of imports Trade Deficit – value of imports bigger than value of exports Tariff – tax on imported good (usually to make people buy domestic (US) goods)
5
POORRICH What makes a country developing? Less educated, healthy Less Manufacturing, Less Technology, Low GDP Have More Natural Resources What makes a country developed? Educated, healthy More Industry, & Technology, High GDP Consume many natural resources (oil)
6
International Monetary Fund & World Bank: offers monetary advice & loans to developing countries. Global interdependence: nations depend on each other Richer nations sell products to obtain natural resources from poorer nations. Poorer nations need food, technology, and money from richer nations
7
Complete a vocabulary map on outsourcing AND globalization. Read about different global institutions such as the, EU (p567), World Trade Organization (p569), NAFTA (p569), and United Nations (p617). Write a 2-3 sentence mission statement that summarizes what each organization was formed to do. Definition in your own wordsUse it in a sentence Why is it important OR Give an example Draw it! Vocab Word
8
Read about the different theories of protectionism and free trade Complete this reading strategy: ◦ Write the most important sentence from each paragraph ◦ List the people that have each opinion: protectionism and free trade ◦ Explain what each theory believes about tariffs Complete the Semantic Analysis Chart on Free Trade & Protectionism
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.