3TVa Global economy and COVID-19

• Aardrijkskunde
• Middelbare school
• vwo
• Leerjaar 3

Instructions

1. Download the LessonUp app on your smartphone/tablet.
2. Open the LessonUp app.
3. Enter the pincode shown on the Teams-screen.
4. Use your smartphone to answer questions in this lesson.

Global economy and COVID-19

• Questions on COVID-19
• What has happened to the global economy over the past few weeks?
• How will this affect the Dutch economy?
• Refreshing §1.2 and §1.3
  
• Next lesson

What bothered you most about the last two months? (just keywords)

What effect will COVID-19 measures have on the global economy? (just keywords)

What has been happening?

• What has happened to the global economy over the past few weeks?
• How will this affect the Dutch economy?
• Can you formulate your answer in a proper geographical manner? What terms would you use?

Prosperity / wealth indicators

• GDP/head
• (un)employment of the working population
• Distribution of working population:
  More agriculture = less wealthy;
  More services = more prosperous.

Trade volumes will decrease

Question:
What will this mean for
The Netherlands ?

In which sector do The Netherlands (as a whole) earn most of its GDP?

1. Agriculture (e.g. flowers, meat)
2. Industry (e.g. ASML, Tata Steel, medicines)
3. Services (e.g. trade, transport, consultancy)

Most important sector in The Netherlands: Services

• Trade
• Transport
• Banking and insurances
• Consultancy
• Restaurants, cafes, hospitality
• ICT (software, apps, communication, internet services incl. hosting)
• Creative sectors (advertising, fashion, film, music, video games)

Services are 'for others'

"

The service sector consists of the production of services instead of end products. 

Services (also known as "intangible goods") include 

attention, advice, access, experience, and affective labor.

" - Wikipedia

What will the effect of decreasing trade flows mean for The Netherlands?

Refreshing §1.2 and §1.3: What belongs where?

Centre / core countries

Semi-Perifery countries

Perifery countries

European Union

BRICS

Export of raw materials

Growing political power

Very prosperous

Colonisator

Agricultural sector

Industrial sector

Service sector

Most of the profits

Growing economy

Poor

Next lesson, preparation

• Re-read §1.2 and §1.3, the terms especially.
• Read and digest §1.4: Development at different speeds.
  Be sure to understand the causes of differences in prosperity of countries.
  
  

This chart predicts a higher unemployment, especially for high income countries

Why will unemployment rise in high income countries?

What is the meaning of this cartoon?