Ch6 - Section1 : Crossing borders

• Economie
• Middelbare school
• havo
• Leerjaar 3

CHAPTER 6

More information about the market

Polish people working in the Netherlands is an advantage for both Polish people and Dutch people

😒🙁😐🙂😃

Name an advantage for Polish people for working in the Netherlands

Name an advantage for the Netherlands when Polish people are working here

Name a disadvantage for Dutch people when Polish people are working here

Export and import

Export:

Products/services from the 

Netherlands to other countries

Import:

Products/services from other

countries come to the Netherlands

Advantages of export

1. Employment and income in the Netherlands
2. Export provides foreign currency, can use these for import 

Advantages of import

Because of import, we can enjoy products we normally would not have in the Netherlands or which are too expensive to produce here

Open economy

The value of all products products and services produced in a country in a year is called: gross domestic product (GDP)

The Netherlands is very dependent on trade with foreign countries, we have an open economy

Export and import ratio

We can calculate how much of our GDP is coming from export of import, we use the export or import ratio

export ratio = value of export / GDP x 100%

import ratio = value of imports / GDP x 100%

Bulgaria has 800 billion GDP. Export is 200 billion. Estonia has 500 billion GDP Export is 100 billion

1. Bulgaria has the most open economy
2. Estonia has the most open economy
3. Bulagaria 's economy is just as open as Estonia
4. King toto

The Netherlands has a GDP of 740 billion. The total imports are 380 billion. The total export is 460 billion. Calculate the import ratio AND the export ratio.

European Union

There are a couple of arrangement:

• Free movement of products and services
• Free movement of labour and capital (think of: working in another country or saving money on a bank in Spain)

The countries from the EU form one large internal market

Importduties and export subsidies

European Union

The EU charges import duties to raise the price of cheap products from outside the EU

Protectionism: protection of the nation economy against foreign competitors

Subsidies make our products cheaper

Homework

Exercises of section 1