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01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
01 intro to-trade
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01 intro to-trade

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Transcript

  • 1.  
  • 2. Syllabus to take us up to Xmas
    • Patterns of trade
    • Identify patterns of trade between developed and developing countries.
    • Students should be aware of changes in trade flows between countries and the reasons for them ,
    • for example the potential impact of China and India on world trade patterns and the possible reaction of developed economies.
  • 3.  
  • 4. Volume of world trade merchandise exports & GDP 1950 -2008 Annual % change Use your whiteboard - compare the changes of exports and GDP over from 1950 – 2008 (4 marks)
  • 5. Volume of world trade merchandise exports & GDP 1950 -2008 Annual % change Use your whiteboard - compare the changes of exports and GDP over from 1950 – 2008 (4 marks) Difference between exports & GDP What type of relationship is there? Is this a volatile or stable market?
  • 6. Volume of world trade (annual % change) Exports Imports Use your whiteboard - compare the changes for imports and exports from 2000 - 08 (4 marks)
  • 7. Composition of geographical regions
  • 8. Trade Groupings
    • This is where countries in various parts of the world come together to form trade groups with varying degrees of formality.
    • Their aim is to encourage trade among a group of nations.
  • 9. Trade groupings
    • ASEAN
    • MERCOSUR
    • NAFTA
    • EU
    • CIS
    • WTO
  • 10. ASEAN Trade Group
  • 11.  
  • 12. NAFTA
  • 13.  
  • 14.
    • Commonwealth of Independent states
  • 15. World Trade Organisation. Everyone in green = member of WTO
  • 16. Customs Union V Free Trade?
    • Free trade
    • Where a group of countries agree to trade without barriers between themselves , but maintain their own individual barriers with countries outside the area.
    • Eg NAFTA
    • Customs Unions
    • This goes further than free trade, which eliminates not only barriers to trade between the member countries BUT also to have a common tariff barrier against the rest of the world.
    • Eg The Single Market
  • 17. Typical Evaluation Q’s
    • To what extent do trade groupings generate increased trade and improve efficiency?
    • Requires you to know about…. trade diversion versus trade creation within the context of trade groups!
  • 18. Trade Diversion
    • When countries within a trade group import from within the partner group countries rather than import from ‘cheaper’ non partner countries.
    • This may encourage some of the countries’ industries to remain inefficient rather than compete on a global scale!
  • 19. Trade Creation
    • This is where the members of the trading group start to specialise in industries that they have a competitive advantage and benefit from economies of scale and improve efficiencies.
    • More on this in a later lesson.
  • 20. Your task – Internet research
    • Using your handout (last 6 slides) of the different world trade groups
    • You will be given one trade group to investigate & then share your findings with everyone else….
    • What size is the trade group?
    • How many countries are in it?
    • When did it start?
    • What reasons were given for the start
    • Include any other ec data that you can find too.
  • 21. Suggestions for research links…
    • http://ec.europa.eu/trade/creating-opportunities/bilateral-relations/regions/
    • http://news.bbc.co.uk/1/hi/world/americas/5195834.stm
    • http://news.bbc.co.uk/1/hi/world/asia-pacific/country_profiles/4114415.stm
    • http://news.bbc.co.uk/1/hi/world/europe/country_profiles/2429503.stm
  • 22. Next lesson What is world trade & UK data
  • 23. WORLD TRADE
    • Why is there world trade?
    • Natural resources
    • Price
    • Product differentiation
    • political

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