1. Patterns of Trade

2. Research task
Choose 2 countries and create a report/ presentation on the patterns of trade of that country using comparisons and similarities.
What do they export? What do they import?
RULES:
One country must be developed and the other developing
You need data, statistics & images
Research if this has been a constant pattern for your chosen country, or if it has changed in recent years (why do you think this change has come about)
Is there a correlation between growth and globalisation?

3. In pairs… What are the main IMPORTS and EXPORTS to the UK?

4. Why Import what are the benefits?

5. How will the trading pattern change for the UK now we are out of the EU?
What will a new ministry of trade have to do after the country breaks off with the EU to replace current trading relationships? Sign a deal with the remaining 27 members of the EU, come to an arrangement with about 50 additional countries with which the EU has preferential deals, or all the remaining 161 members of the World Trade Organisation?
A bilateral deal with the bloc is likely to take years to negotiate, say experienced trade negotiators. Barack Obama, US president, has also cautioned that Britain would be “at the back of the queue” for a US-UK trade deal.

6. Read through the following article:
What do they argue causes changes in trade patterns?
What do they argue increases trade?
What are the trade patterns of mentioned countries/ trading blocs?
What do you think protectionism is? What impact is it having?

7. Research
What has been the impact of China & India on world trade patterns? What has been the reaction of developed countries?

8. UK Patterns of Trade
s/OTS.aspx
Interactive database

9. Benefits of free trade…
Why do we trade?
htm

10. Free trade Specialisation leading to increased output
Advantages of free trade
Disadvantages of free trade
Specialisation leading to increased output
Trade allows economies of scale (larger market to sell to)
Lower price and increased choice
Competition and innovation
Risk – interdependence, over- reliance on trade, loss of control
Unemployment (perhaps)
Income inequality
Environmental impact
Culture