Imbalance of Trade - Yishan

Hi!

Oi!

Aluu!

Jambo!

Salut!

Imbalance of
Trade

Yishan Chen

Learning Objectives

●

Identify the export advantages of developing and

developed economies.

●

Explain the causes for the imbalance of trade.

●

List ways of protectionism.

●

Evaluate the effectiveness of expenditure-switching

policies.

Guiding Questions

●

What is a developing/developed country good at producing?

●

How will the economic structure change as countries

develop?

●

What are the main causes for the imbalance of trade?

●

What is protectionism? Pros and cons?

●

To what extent are the expenditure-switching policies

effective to reduce the imbalance?

Multiple Choice

Please choose the correct features of a developed country.

• possesses great technological infrastructure

• the economy has highly regressed

• is self-insufficient

• is called a third world country

Poll

Please pick out the developed countries from the list below.

• Sweden

• Thiland

• Malaysia

• Australia

• Germany

Open Ended

Please describe some of the ways to determine the differences between developing and developed countries. (at least 2 ways)

Economic Growth & development

01

Economic Growth

• an increase in an economy's output

• an increase in GDP per capita

• a reduction or even an eradication of poverty

Economic Development

• Economic well-being

• Improve people's quality of life

  HDI - education, life expectancy

  MPI - living standard (cooking fuels, housing, drinking water, etc.)

02

— Balaam & Dillman, 2014

“Underdevelopment is the outcome of a
process that further damaged developing
countries’ economies and simultaneously
made the industrialized world more
prosperous.”

Underdevelopment

Coding Brainstorm - SWOT analysis

Step 1

Put sentences

in order to

create the story

Step 3

Move around the
show your group
cases to others

Step 2

Identify the
reasons and
discuss the
threats and
opportunities

Step 4

Be a good listener and
provide constructive

feedback

Coding Brainstorm

Japan

https://docs.google.c
om/document/d/1d9
cULMLJaPr3UxmCJT
WmXC5qm5fIfNQIWz
T5jt93gEQ/edit?usp=

sharing

Pakistan

https://docs.google.c
om/document/d/16b
ZORb2Tmt7oBBlq_Wl
8P_rahHh2hs8Mcwf
WsFWu40s/edit?usp=

sharing

France

https://docs.google.c
om/document/d/161
7URdkz9wSiKamJTl8
CBVkJ0aFdPuWoGylF
vuclgm4/edit?usp=sh

aring

Nigeria

https://docs.goo
gle.com/docume
nt/d/1i4f4UE-k-z
wLnDK_CZw4N1K
BB1oDCwSaWmc
EKhNqLBI/edit?u
sp=sharing

Write a summary about SWOT in each case
Two facts and a fib

Open Ended

Please write a summary about results of SWOT analysis of your story country. (Groupwork)

Protectionism

Hi!

Multiple Choice

What is protectionism?

• It is when governments remove the limitations on the trade.

• It is when governments increase the quota(配额) on imports.

• It is when governments seek to protect domestic industries from foreign competitions.

• It is when governments seek to attract FDI to encourage economic growth.

Poll

Please pick out ways of protectionism

• tariff

• quota

• embargo

• export subsidy

• Red Tape (Excessive Administrative Burdens)

Draw

Please draw the graphs of 'tariff' and 'quota'.

AWESOME
WORDS

¡Hola!

Open Ended

What are the potential risks of imposing higher tariff?

Goals:

●Discourage consumption of imports

●Raise tax revenue

●Protect domestic industries from

foreign competitions

●Switch the demand for imports to domestically produced products

Potential risks:

●A trade war - retaliation

●Reduce choices for both consumers and firms

●Lower the size of the market

Tariff

Twister Game

(Two Facts and a Fib)

Give the Spinner a Whirl

One player spins and calls the move. The spinner makes up the move for the him or herself. If the spinner lands on air, the player must put their hand or foot in the air.

Identify the Fib from the Descriptions

When you stand steadily without knees or elbow touching the mat or falling over, you will say out whether it is a fact or fib. Once you answer correctly, you can save yourself from the twister.

Team A

Team B

PERCENTAGE OF NATIVE SPEAKERS

35%

Venus has a

beautiful name

65%

Jupiter is the
biggest planet

85%

Mars is a very

cold place

Protectionism

Hi!

ABOUT AFRICAN LANGUAGES

MERCURY

Mercury is the closest

planet to the Sun

MARS

Despite being red,
Mars is a cold place

JUPITER

It’s the biggest planet
in the Solar System

SATURN

Saturn is a gas giant

and has rings

NEPTUNE

It’s the farthest planet

from the Sun

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Please keep this slide for attribution

THANKS

Aluu!

¡Hola!

Jambo!

Do you have any questions?
[e-mail]
[phone]
yourcompany.com

SPEAKERS IN INDIA

HINDI

Mars is a very
cold place

MARATHI

Mercury is a
small planet

KANNADA

Jupiter is the
biggest planet

TELUGU

Earth is where
we all live on

ODIA

Neptune is very
far away

OTHERS

Venus has a
beautiful name