Lesson 2 - The Evolution of International Trade and Global Interdependence PDF

I N S P I BBB4M R Unit 1: Business, Trade, and the Economy E D M I Lesson 2: The Evolution of International Global Trade N D and Interdependence A C A Br. Mohammed Yasir Saleh D E M Y  International business Interdependent I Trade...

I N S P I BBB4M R Unit 1: Business, Trade, and the Economy E D M I Lesson 2: The Evolution of International Global Trade N D and Interdependence A C A Br. Mohammed Yasir Saleh D E M Y  International business Interdependent I Trade Regulation N Foreign Roman empire S P Domestic Middle ages I Goods Monasteries R Services Guilds E D Trading partners Merchants Interdependence M I Vocabulary Self sufficiency N Aboriginal D indigenous A Canoe C Basic needs A Commune D E Dependent M Independent Y I N S Review: What is International P I Business? R E Definition: D 1.The exchange of goods, services, ideas among individuals and M I businesses (in at least two, or with multiple countries). N D 2.A specific entity, such as a multinational corporation or international business company that engages in business with at least one, or among A C multiple countries. A D E M Y I N S P I What is a domestic transaction versus an R international transaction? E D M Domestic transactions are made between two I Canadian companies. N D (Two companies of the same country) A C A D E M Y I N S What are five ways that a business could be P I considered an international business? R E D Five ways for a business to be considered​ an international business:​ M I Own a retail or distribution outlet in another country​ N Own a manufacturing plant in another country​ D Export to businesses in another country​ Import from businesses in another country​ A Invest in businesses in another country​ C A D E M Y I N Characteristics of International S P I Business R E D Major Characteristics of International Businesses M I Scale of Operation N International Restrictions D Benefits To Participating Countries A Benefits To Participating Countries C Integration Of Economies A D Dominated By Developed Countries E Sensitive in Nature M Y I N S What is Trade? P I R E Foreign Trade or International D Trade mean the same thing as M International Business I N D If a business in one country A develops a relationship with C A business in another country, D E those countries are considered M Trading Partners Y I N S P I R E D M I International N D Interdependence A C A T HE E VO LUT ION OF GLO BAL D T RADE E M Y  A community (or country) is self-sufficient when it provides I everything its people need to live. N S Self Sufficiency Food, clothing, shelter, and water (basic needs) can be P provided without relying on anyone else I R E D M I N D A C A D E M Y I N S P I R E Can you think of any examples D of self-sufficient societies or M I communities? N D A C (Past or Present) A D E M Y  Canada’s I N Aboriginal S P I People R Hunted and gathered their E own food. D M Made their clothes from I the skins of animals they N ate. D Passed down skills for A C making weapons, shelters, A tools, canoes, etc. D E (Basic needs were M satisfied; They were self- Y sufficient) I N S P I R E D M I N D A C A D E M Y What basics would one buffalo provide a family in a self-sufficient society? I N Communes S P I R Some people today wish to live as E self-sufficient as possible. There are D groups of people, throughout the world, living in communes or M I intentional communities. N D Intentional communities include ecovillages, student co-ops, and A housing cooperatives. C A D (Commune = Communal Living / E Working) M Y I Pangaia, Hawaii N S P I R E D M I N D A C A D E M Y I N Los Horcones S P I In October of 1973, a group of R people interested in the E D prevention and solution of M personal and social problems, I founded Los Horcones. N D A This community is based on C A the principles of D cooperation,equality, pacifism E M (non-violence), sharing and Y ecological respect (ecological sustainability). I N S P I R E D M I N D A C A D E M Y I N S P I Okay, so we R E D know self M sufficiency is I N Possible, BUT is D it Desirable? A C A D E M Y Is Self I Sufficiency N S Desirable? P I R Self E Sufficiency has been D typical of every developing civilization across the globe. M I N they travelled longer As D distances though, different cultures (with different goods) A began C to come into contact with A one another and engage in D simple forms of trade E M Y I N S P I Early Trade R E D In Canada, the Huron people M were able to grow more corn, I beans, squash, and tobacco N D than they really needed. A C Northern peoples were A hunters, having hides and furs D in abundance. E M Y I N S P I R E D M I N D A C A Through trade, the hunters were able to acquire corn D Indigenous people and beans in exchange for hides and furs (& vice versa) E M traded with each These groups now were interdependent, relying on Y other one another to fulfill certain needs or wants I N S P I R E D M I N D A C A 3000 years ago: D E M Early Trade China had silk and tea in abundance India had spices Y Camel caravans had figs, scented oils, and rare woods to trade as they travelled across North Africa and the world I N S P The Roman I R Empire E DMerchants came from: MGreece with wine and honey I NAsia with jewels, marble, timber D China with silks and spices A CArabia with glass, dyes, and textiles A Egypt with grain, ivory, and papyrus D E Spain with fruit and gold M YBritain with tin and copper  The Romans were able to encourage I trade by making it easier (& safer) to N S travel. P I R E http://upload.wikimedia.org/wikipedia/commons/b/bb/Roman_Empire_125.png D M I N D A C A D E M Y I N First Trade S P Regulations I R E With the decline of the D Roman empire, around 500 AD, travel became much M I more dangerous and many N communities were forced to D become self sufficient again. A C During the middle ages A (476-1000 AD) many D communities sprang up E around castles, cathedrals, M Y and monasteries. I N S Led to Feudal P I Commerce R E D Local rulers collected taxes from the people that lived M around them in exchange for I protection. N D These ‘feudal’ towns became part of larger provinces and A C nations. A Economic activity (trade D E between these towns) was on M the rise. Y I N S Establishment of P Guilds I R E Merchants and craftspeople D organized themselves into associations called guilds M I N D These guilds were very influential in their towns and A communities, and they C controlled the manufacturing A and sale of products made D by people of the town. E M Y I N S P I R E Guilds D M & I N Trade D A If you were from another town, and wanted to sell or C trade goods, the guilds would make you pay a fee to do A so (Tax) D E If your goods would compete with items produced by M Y the guilds, they would tax these items heavily (or encourage their country’s leaders to do so) I N S P I Recap R E D What is trade? M I Interdependence N D Early trade A The Emergence of Dependent Nations C A D E The opening up and closing off of borders has occurred throughout M history and is not exclusive to our modern world of international Y business and trade I N S P I R E D M I Assignment N D A C A D E M Y