DEVELOPMENT – International trade

DATE: 07 SEPTEMBER 2020

THEME: DEVELOPMENT (3)

TOPIC: Trade and development – INTERNATIONAL TRADE

OUTCOMES

After completing this assignment, you will be able to:

1. Explain the concepts of the world market; commodities; terms of trade; balance of payments; and volume of trade
2. Compare and draw conclusions about the link between trade and development and trade and location from maps and tables
3. List and locate South Africa’s main trading partners.

WHERE TO GET MORE INFORMATION

Textbooks

1. Cohen, S., Fleming, B,. Kroll, L., Ranby, P. and J. Saunders (2013) Platinum Geography Learner’s Book Grade 11. Maskew Miller Longman. Cape Town.
2. Wilson, L., Oelofse, C., Winter, K. and S. Zulu (2009) In search of Geography Grade 11 Learner’s Book. Oxford University Press. Cape Town. Pp. 146-159.
3. Blaauw, M., Brouard, J., Gitlin, A., Gunter, A., Mofokeng, M. and E Oberholster (2012) Spot on Geography Learner’s Book Grade 11. Sandton,
4. Ravenscroft, G., and A. Manson (2009) X-Kit Geography Grade 11. Maskew Miller Longman. Cape Town

Websites

1. https://www.weforum.org/agenda/2018/02/the-top-importers-and-exporters-of-the-world-s-18-most-tr
2. aded-goods
3. https://wits.worldbank.org/countrysnapshot/en/USA/textview
4. https://oec.world/en/profile/country/usa (These two sites give information on all countries just change the last three letters to see another country e.g. change usa to zaf for South Africa)

Slide presentation

1. TRADE AND DEVELOPMENT – International trade

What is meant by terms of trade?

Source:https://www.economicshelp.org/wp-content/uploads/2009/12/terms-of-trade.jpg

 

LEARNING ACTIVITIES

A. Study slide 7 and answer the following questions:

1. Which country earned the most from exports?
2. Which country earned the least from exports?
3. Which country spent the most on imports?
4. Which country has the most favourable terms of trade?
5. Which country has the least favourable terms of trade?
6. What was the volume of trade for: (a) China (b) South Africa and (c) Mozambique?
7. Both Jordan and Zambia are landlocked. Do you think this may have influenced their terms of trade? Why?

B. Study slide 10. Japan produces none of these commodities. How has this affected its trade and why is it still a relatively wealthy country?

C. Compare slide 11 and slide 10: what does this suggest about the link between development and trade?

D. Study slide 13: What role does location and distance play in regard to South Africa’s trading partners?

SUBMISSION

Submit your answers to these questions on Monday 14 September