02 why does-the-world-trade

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  • Skilled labour, finance, uni ed, science
  • Skilled labour, finance, uni ed, science
  • http://www.statistics.gov.uk/cci/nugget.asp?ID=199
  • http://www.wto.org/english/news_e/pres09_e/pr554_e.htm
  • http://www.international-economy.com/TIE_Sp09_WorldTrade.pdf
  • 02 why does-the-world-trade

    1. 1. Why is the world trading?
    2. 3. Why is there world trade? <ul><li>Natural resources </li></ul><ul><li>Price </li></ul><ul><li>Product differentiation </li></ul><ul><li>Political </li></ul>
    3. 4. Natural resources
    4. 5. Ownership of natural resources
    5. 6. Ownership of natural resources
    6. 7. Ownership of ‘natural’ resources <ul><li>Airplanes </li></ul><ul><li>Cars </li></ul><ul><li>Machinery </li></ul><ul><li>Pharmaceuticals </li></ul><ul><li>Meat </li></ul><ul><li>Chemical </li></ul><ul><li>movies </li></ul>
    7. 8. Ownership of ‘natural’ resources The square mile! Cambridge science park Cambridge Science
    8. 9. Ownership of ‘natural’ resources Peat!
    9. 10. World trade <ul><li>One of the main reasons for world trade is because different countries have an advantage over others through the ownership of natural resources. </li></ul><ul><li>Other countries have learnt to specialise in certain skills that they can use to trade from. </li></ul>
    10. 11. Price
    11. 12. Price <ul><li>Some countries can produce goods relatively cheaper than others. </li></ul><ul><li>Again this is due to specialisation & availability of resources. </li></ul>
    12. 13. Do you think the UK has sweatshops? <ul><li>Primark! </li></ul><ul><li>And then there are the ‘real’ sweatshops’… in India </li></ul>
    13. 14. Product Differentiation
    14. 15. Which country would you prefer to buy a car from?
    15. 16. Product differentiation <ul><li>Many countries produce similar goods but the specifications & quality differ! </li></ul><ul><li>Think bottles of wine! </li></ul>
    16. 17. Political Reasons
    17. 18. Political reasons <ul><li>Sometimes countries do not trade with each other for political reasons </li></ul><ul><li>Eg US v Cuba </li></ul>
    18. 19. Some more statistics…
    19. 21. Further reading See next slide…
    20. 22. <ul><li>http://www.tutor2u.net/economics/revision-notes/a2-macro-pattern-international-trade.html </li></ul><ul><li>Ideas UK position in world trade </li></ul><ul><li>Value of world trade </li></ul><ul><li>http://www.tutor2u.net/economics/presentations/a2economics/macro/InternationalTrade/default.html - latest version? </li></ul>
    21. 23. Oxfam & world trade <ul><li>http://www.oxfam.org/en/campaigns/trade/about </li></ul>
    22. 24. Comparative advantage <ul><li>http://www.telegraph.co.uk/finance/economics/6122712/Ricardos-theory-shows-that-win-win-situations-do-exist.html </li></ul><ul><li>Article </li></ul>
    23. 25. UK Trade Deficit widened to £3.5bn in September
    24. 27. <ul><li>http://www.wto.org/english/news_e/pres09_e/pr554_e.htm </li></ul><ul><li>Look at the bottom of page – great set of country data on their world trade – woyuld make a great activity for students to compare data / countries </li></ul><ul><li>Also has a table of data for 2008 </li></ul>
    25. 28. http://www.unctad.org/en/docs/tdr2009_chart17_en.pdf
    26. 29. <ul><li>http://www.international-economy.com/TIE_Sp09_WorldTrade.pdf </li></ul>
    27. 30. <ul><li>http://www.guardian.co.uk/commentisfree/2009/nov/23/world-trade-doha-round-deal </li></ul><ul><li>Great reading article by CEO of WTO for students to read for HWK… </li></ul>
    28. 31. <ul><li>http://www.imf.org/external/datamapper/index.php </li></ul><ul><li>Great student activity looking at ec data </li></ul>

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