1.2 Development of the world economy

What are we going to do today?
Recap 1.1 Is the balance of economic power shifting?
Check the assignments

Instruction 1.2 Development of the world economy
Let's practice!
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Slide 1: Diapositive
AardrijkskundeMiddelbare schoolvwoLeerjaar 3

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What are we going to do today?
Recap 1.1 Is the balance of economic power shifting?
Check the assignments

Instruction 1.2 Development of the world economy
Let's practice!

Slide 1 - Diapositive

Recap 1.1
What is the world system theory?

Why is the balance of economic power shifting?

What is the connection between globalisation and the shifting of trade patterns?



Slide 2 - Diapositive

BRICS-countries are:
A
Brazil, Russia, Iceland, China and Sudan
B
Bali, Russia, India, Colombia and South Africa
C
Brazil, Russia, India, China and South-Africa
D
Brazil, Romania, Indonesia, China and Sweden

Slide 3 - Quiz

The share of the BRICS countries increased from 10 to 35% in this period.

Slide 4 - Diapositive

World system theory

Learning objective: You can describe the economic world system (of Wallerstein) and classify countries/areas within this model.

Slide 5 - Diapositive

Goods production shift
Western multinational companies (MNOs) in particular are driving this shift.
What reasons do the MNOs have?
  • Nowadays products are not only made, but developed in low-wage countries.
  • Emerging countries are a new market due to the increase in purchasing power.


Slide 6 - Diapositive

Trade patterns are changing
World trade has increased because:
  • the production chain is divided;
  • transport of goods is faster (just-in-time);
  • trade borders are disappearing.


Slide 7 - Diapositive

Homework check
Questions you have answered:
  1. How many people live in BRICS countries (share of the total/ in percentages)?
  2. How big are the economies of the BRICS countries combined (share of the total/ in percentages)?
  3. Why do certain countries want to expand the organisation?
  4. Which countries want to expand, and which (countries) are more sceptic/ undecided towards expansion?






Slide 8 - Diapositive

Geographical dimensions
physical
cultural
social-political 
economic



Slide 9 - Diapositive

Colonial relationships (1500 - 1945)
What period in history is the period of great discoveries?
  • 16th century

European colonialism:
1500 – 1800: trade colonialism
1800 – 1950: industrial colonialism
Great discoveries or embarrising period?

Slide 10 - Diapositive

Colonial relationships (1500 - 1945)
European colonialism:
1500 – 1800: trade colonialism
1800 – 1950: industrial colonialism

In what areas did a former colonizing country strengthen its grip on the colony?
  • education, administration, trade and culture

Slide 11 - Diapositive

On the way to independence
What developments took place after 1945?
  • decolonisation
  • Cold War

During the cold war, the different power blocks traded outside/  inside their own power block.


Slide 12 - Diapositive

On the way to independence
During the cold war, the different power blocks traded inside their own power block.

The Cold War resulted in a new grouping of the world:
  • Western countries
  • Communist countries
  • Developing countries


Slide 13 - Diapositive

Free trade changes (after 1990)
In which year did the Soviet Union break up?
  • 1990

Which economic system has become the most important system in the world?
  • free market economy

What are the characteristics of a free market economy?
  • free entrepreneurship
  • price is determined by supply and demand

Slide 14 - Diapositive

Free trade
The free market economy works best without trade borders. What is trade without borders also called?
  • free trade

What are the advantages of free trade?
  • a country can specialise
  • companies gain access to foreign markets

Slide 15 - Diapositive

Free trade
What is a disadvantage of free trade?
  • Foreign competition that causes companies to go bankrupt

What development makes the American manufacturing industry feel threatened?
  • Economic rise of China

Slide 16 - Diapositive

Slide 17 - Vidéo

To do
Section 1.2: 1, 2a, 2c – 2e, 5

Finished early? Write down your answers to the first two learning objectives of 1.2.

Done? Improve your skills!
Page 6 and 7 of your workbook.

Slide 18 - Diapositive

Which three trade flows can we distinguish between 1500 and present day?
A
(trade)colonialism, decolonisation, free trade
B
trade colonialism, industrial colonialism, free trade
C
(trade)colonialism, decolonisation, Cold War
D
industrial colonialsm, Cold War, decolonisation

Slide 19 - Quiz

What is global shift?
A
The expansion of world trade
B
The relocation of the main production areas
C
That something is shifting in the world globally
D
The expansion of contacts between countries in the world

Slide 20 - Quiz

Global shift happens from:
A
periphery -> core
B
(semi)periphery -> core
C
core -> (semi)periphery
D
semi-periphery -> periphery

Slide 21 - Quiz

Next lesson

1.3 Development at different speeds

Homework:
1.2: Exercise 1, 2a, 2c – 2e, 5

Slide 22 - Diapositive

Slide 23 - Vidéo