Economic elements of globalisation and their effects

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Economic elements of globalisation and their effects

  1. 1. The Growth of World Trade Tuesday, 16 July 13
  2. 2. What you need to know and be able to do by the end of the lesson •Outline the recent changes in world trade •Explain why these recent changes occurred •Evaluate the use of tariffs •Outline the extent of growth in world trade •Analyse the Asian and Global financial crisis Tuesday, 16 July 13
  3. 3. World trade has been changing significantly in recent years There has been a significant increases in the global trade in services such as education and investment such as shares Why do you think there has been this change? Tuesday, 16 July 13
  4. 4. Transnational Corporations - Companies that operate beyond the boundaries of a single nation or state What are some examples? Tariff Walls - In order to protect a nation’s own manufacturing, a country or state may apply tariffs. A tariff is a tax on an imported good. Is this Right? Tuesday, 16 July 13
  5. 5. The how and why of the growth of world trade The end of the SecondWorldWar The rise ofTransnational corporations Allied nations created a international financial system Tuesday, 16 July 13
  6. 6. The extent of world Trade 127 billion in 1960 to 1 trillion by 1977 and 16 trillion by 2008 Tuesday, 16 July 13
  7. 7. Activity This activity is to be completed in pairs. Select one of the crisis below to investigate.You do this individually.After you are confident you have learnt the information you are required to teach your partner. Use the questions below as prompts The East Asian Financial Crisis of 1997-1998 The 2008 Global financial crisis Questions Describe what happened? Explain the impact the crisis had. Explain how the crisis was resolved. Tuesday, 16 July 13

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