1. Quiz (Day 1)
In ____ trade goods are bought in _____ from various manufacturers. This is then broken down into smaller quantities which are then passed on to the retailer. These traders are _____ distributors.
Find the odd-one-out and explain your choice in a sentence:
Consumer, retailer, agent, authorized dealer
Explain the meaning of “distribution channel”
Make 2 word partnerships with “cost”.
Write a true sentence with “trade bloc”.

2. International trade

3. What do these words mean?
Interdependent
Rely on something
Policy-making
Regulation
Protectionism
Barrier
Import
export

5. Developed countries, developing countries?
Low-income country with lower standard of living.
High GDP and high standard of living
p. 21

6. Watch and listen https://www.youtube.com/watch?v=8sSNyXEShqI
How does globalization affect developed and developing countries?
Who wins most from globalization?

7. Finish these sentences The effect of globalization on …
developed countries:
costs …
benefits …
developing countries:
As a result
the income gap betwen developed and developing countries…
gets bigger.
multinational companies …
get more powerful.
the environment …
is not protected in poorer countries to attract foreign investment.

8. Documents used in export

9. If you want to sell goods abroad (export) what kinds of questions will your buyer ask?
What are the goods like (quality, size, origin, etc.)?
How much can you sell?
How much do the goods cost?
Are you able to (do you have the right to) sell to the buyer’s (importer’s) country?
Are the goods insured?
How will they be transported?

10. What do you think these documents are for?
commercial invoice
bill of lading
insurance certificate
certificate of origin
quality and weight certificate
export license