Globalization and Trading

The action or fact of treating someone unfairly in order to benefit from their work

• Sweatshop
• Trafficking
• Disenfranchisement
• Exploitation

The exchange of goods and services by sale or barter driven by the need for resources.

• Fair Trade

• Globalization

• Trade

• Standard of Living

Define trading bloc.

• Groups of countries that agree to reduce or eliminate trade barriers between themselves

• Union that adopts a common currency

• Measure of the the price of a country’s exports relative to its imports.

• refers to the value of exports minus imports.

‘Industrialisation’ happens when a country develops its…​

• employment

• manufacturing

• migration

• services

The south east of China has all of the following except…​

• a dense population​

• a coastline​

• a cold desert​

• established infrastructure​

Which statement about China’s economy is true?​

• China began industrialisation in the 1950’s.​

• China has the largest economy in the world.​

• China is a HIC.​

• China produces all of the world’s manufactured goods.​

Globalisation is the process of the world becoming more interconnected.

• True

• False

Globalisation is the result of advancements in technology and transport.​

• True

• False

Planet Earth is decreasing in size.

• True

• False

Cargo ships enable instant trading of goods across the world.​

• True

• False