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Homework feedback Aim What is the role of Trade Blocs in Globalisation? Homework feedback Aim What is the role of Trade Blocs in Globalisation?

Homework feedback Aim What is the role of Trade Blocs in Globalisation? - PowerPoint Presentation

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Uploaded On 2018-11-08

Homework feedback Aim What is the role of Trade Blocs in Globalisation? - PPT Presentation

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

blocs trade countries imports trade blocs imports countries exports bloc economic explain key political players highest role mins globalisation

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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 minsSlide6
Slide7

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: Slide14
Slide15

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