Learning Outcomes A I will explain the key role of trade blocs and political players in globalisation I will evaluate the r ole of two trade blocs and assess their significance ID: 721572
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Slide1
Homework feedbackSlide2
Aim
What is the role of Trade Blocs in Globalisation?
Learning Outcomes
A*
- I will
explain
the key role of trade blocs and political players in globalisation
. I will
evaluate
the r
ole of two trade blocs and
assess
their significance.
A
-
I will
explain
the key role of trade blocs and political players in
globalisation.
I
will
assess
the
r
ole of two trade blocs and
explain
their
significance.
B
- I will
explain
the key role of trade blocs and political players in globalisation.
I will
explain
the
r
ole of two trade blocs and
explain
their significance.
C
-
I will
describe
the
key role of trade blocs and political players in globalisation.
I will
describe
the
r
ole of two trade blocs and
consider
their
significance. Slide3
Starter
Describe
the pattern of global imports and exports
Which country has the
highest exports
? Which country has the highest imports? What is the country with the highest level of imports and exports as a percentage of GDP?A* Aim High Challenge: Think back to GCSE... Can you explain why the global pattern of imports and exports features these particular countries? (Think in terms of economic activity)
5 minsSlide4
Peer Assessment
Describe
the pattern of global imports and exports
Take out a green pen
Self assess based
on the success criteriaHave you…Described the pattern of global imports and exports.Use data to demonstrate which country has the highest exports? Used data to detail which country has the highest imports? Described using geographical language and key words?Examined the highest level of imports and exports as a percentage of GDP?Evidenced the lowest imports and exports? Challenge:
did you relate back to the manufacturing sector in China (a high exporter)
5 mins
https://
www.youtube.com/watch?v=fnIl212tBPk
How is economic growth in the world changing? Slide5
What are trade blocs?
Trade Blocs
– countries join together
in geographical areas to encourage trade within the bloc by removing duties or tariffs on goods for members.
5 minsSlide6Slide7
What is the difference between an alliance and a trade bloc
?
Political-economic alliances
.
This
includes groups such as G8, The Commonwealth and OECD. Countries form these alliances as there are economic and political benefits to cooperating with one another. Trade blocs A trade bloc is where flows of goods, money and sometimes workers can flow freely over national boundaries. This requires an amendment of national laws. Trade blocs can contain countries at different levels of development. An example of this is NAFTA where headquarters might be in the USA but production located in Mexico.
Summarise the differenceSlide8
Why do countries group together?
Trade
blocs exist for trading purposes; bring economic strength and security to nations.
Free trade is encouraged by the removal of internal tariffs and can also protect members by establishing a common external tariff for foreign imports. This ensures that it is more expensive to import goods and therefore customers will prefer to purchase trade bloc goods instead.
The EU has also integrated a common currency, the euro with some shared political legislation e.g. European Parliament established in 1979.
Benefits Removal of internal tariffs allows: Markets to grow – in 2004 ten new nations joined the EU and Tesco gained access to 75m extra customers
Firms that have a
comparative advantage
should prosper e.g. French wine-makers have advantages due to their climate and soil
Enlarged
market increases demand raising the volume of production and lowering manufacturing costs =
economies of scale
Smaller
national firms within a trade bloc can merge to form TNCs therefore making their operations more cost-effective
In
the EU, members are eligible for EU Structural Funds to help develop their economies Slide9
What is the difference between a grouping and a trade bloc?
An
Economic Group
is certain countries that are categorised according to there overall levels of wealth and the power that this brings. Whereas a trade bloc is different countries coming together to reduce trade barriers.
Examples
of trade blocs are Mexico, United States and Canada. Examples of economic groups are HIC which are OECD members (e.g. Sweden, Spain, Australia), MIC/NICS (e.g. China and India), LIC/LDCS (e.g. Sudan, Ethiopia and Afghanistan)They are countries that are high in income whereas economic groups include high, middle and low income. Summarise the difference between the twoSlide10
Trade Blocs
Use your blank world map to shade and label the different trade blocs
EU
ASEAN
OPEC
NAFTA5 minsSlide11
NAFTA
OPEC- Oil & Petroleum Exporting Countries
Association of South East Asia Nations Slide12
Trade Blocs
How are governments key players in helping to promote free trade blocs…
EU
ASEAN
OPEC
NAFTA10 minsTaskUse the textbook P153 to annotate
the map to explain in detail how national governments are key players in
helping to promote free trade
blocs
:
(free-market liberalisation, privatisation and encouraging business start ups
).
B-A*
- Do you think that there are any issues with trade blocs? Is there a negative
side to trade blocs?
A*
Aim
H
igh
-
Use NAMED EXAMPLES to help you do this.Slide13
Homework
3
Watch the TED talk and answer the questions on your homework sheet
Due: Slide14Slide15
Why is trade so important?
How
has trade grown globally?
What are the reasons behind this? Slide16
Comparison of Trade Blocs
ASEAN and EU
ASEAN
EU
Members
Main roles
Which national governments are instrumental in promoting free trade within the trade bloc?
Similarities
Differences
Relations
Use the fact sheets to complete your comparison.
15 mins
A* Aim high:
How significant a role do you think Trade Blocs play in the globalised world?Slide17
Plenary
Create a success criteria for a
successful
trade bloc
1. Must have two or more trading members
2….5 mins