PPT-Why Nations Trade Chapter 18

1 Discussion Topics Why trade Absolute advantage Gains from trade 2 Concepts Affecting Trade Absolute advantage exists when one nation can produce goods more cheaply than another nation. Intercontinental trade the bulk transport of raw materials and the importexport of affordable food and goods would simply not be possible without shipping It is the availability low cost and ef64257ciency of maritime transport that has made possible Unintended Consequences. History is full of unintended consequences. . In . 1611, Henry . Hudson sought . a passage to Asia through the Arctic. . He . failed in his . quest, but . his journey brought Hudson Bay to the notice of Europeans.. The growing economy in Canada as a result of the fur trade, brought both the French and the British . together. . Sometimes this could result in violent conflict over fur trading territory. . Economic . WORLD INVESTMENT PROSPECTS SURVEY 2013–2015 UNITED NATIONS New York and Geneva, 2013 ii World Investment Prospects Survey 2013–2015 WIPS 2013–2015 NOTE The Division on Investment and E Roots of the Revolution. By: Carly N.. Lesson Questions. How did China’s relations with the West change in the 1800’s?. Why were European nations able to gain influence in China?. What were the causes and effects of the “revolution” of 1911?. Socials 9. Arrival of European. Europeans . began hunting and farming in land that was once used only by the First Nations. .. They were having their land taken by them, and this was being done without . Unintended Consequences. History is full of unintended consequences. . In . 1611, Henry . Hudson sought . a passage to Asia through the . Arctic. He failed, but Europeans became aware of the Hudson . Rules. You are placed within 1 of 6 possible groups. The . Huron/. Wendat. The . Iroqouis. /. Haudenosaunee. French Traders (. Coureur. de bois/. Voyaguers. ). British Traders. French Merchants. British Merchants. Section 1-. The Lure of Imperialism. Ms. Arnold. US HISTORY. Main idea. The United States entered the imperialist competition later than the European powers but soon extended its influence in the Pacific region.. What are Trade Barriers?. Government actions that are designed to protect domestic industries and jobs from foreign competition.. While international trade allows people and nations to specialize in the production of goods and services, but because of a variety of factors, nations restrict the free exchange of goods across international borders.. ASIA. Asian Economy PRISMs. Is the “Protestant Ethic” the universal model of national economic development?. Should nations use military means to solve economic problems?. Is a nation’s economic or political stability more important? . the emergence of:. 1. An integrated world economy. 2. A universal Westernized culture (individualism capitalism). 3. Diminished Western nationalism. WHO IS RESPONSIBLE FOR GLOBALISM?. Companies that sell outside their home market.. 1. Discussion Topics. Why trade?. Absolute advantage. Gains from trade. 2. Concepts Affecting Trade. Absolute advantage. – exists when one nation can produce goods more cheaply than another nation. WHAT IS INTERNATIONAL TRADE?. International Trade . is the exchange of goods and services between nations across international borders.. It occurs when one nation has something that another nation wants..