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Why is the world trading?
 
Why is there world trade? ,[object Object],[object Object],[object Object],[object Object]
Natural resources
Ownership of natural resources
Ownership of natural resources
Ownership of ‘natural’ resources ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Ownership of ‘natural’ resources The square mile! Cambridge science park Cambridge Science
Ownership of ‘natural’ resources Peat!
World trade ,[object Object],[object Object]
Price
Price ,[object Object],[object Object]
Do you think the UK has sweatshops? ,[object Object],[object Object]
Product Differentiation
Which country would you prefer to buy a car from?
Product differentiation ,[object Object],[object Object]
Political Reasons
Political reasons ,[object Object],[object Object]
Some more statistics…
 
Further reading See next slide…
[object Object],[object Object],[object Object],[object Object]
Oxfam & world trade ,[object Object]
Comparative advantage ,[object Object],[object Object]
UK Trade Deficit widened to £3.5bn in September
 
[object Object],[object Object],[object Object]
http://www.unctad.org/en/docs/tdr2009_chart17_en.pdf
[object Object]
[object Object],[object Object]
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02 why does-the-world-trade

Notes de l'éditeur

  1. Skilled labour, finance, uni ed, science
  2. Skilled labour, finance, uni ed, science
  3. http://www.statistics.gov.uk/cci/nugget.asp?ID=199
  4. http://www.wto.org/english/news_e/pres09_e/pr554_e.htm
  5. http://www.international-economy.com/TIE_Sp09_WorldTrade.pdf