World trade has significantly increased in recent years, growing from $127 billion in 1960 to $16 trillion by 2008. This growth occurred due to the end of World War 2, the rise of transnational corporations operating across borders, and the creation of an international financial system by allied nations. However, world trade has also experienced crises like the Asian Financial Crisis of 1997-1998 and the global financial crisis of 2008, which impacted economies worldwide before being resolved.

1. The Growth of World Trade
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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
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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?
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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?
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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
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6. The extent of world Trade
127 billion in 1960 to 1 trillion by 1977 and 16 trillion
by 2008
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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