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Explore the widening gap in trade and investment of primary products, discover where these products originate and their destination, and learn how recent changes in manufacturing locations and geographical trade flows affect the terms of trade and income disparities. Using coffee as a case study, uncover the implications of trade patterns on environmental and social impacts, and grasp how trade influences the development gap. Dive into the nuances of global trade dynamics for comprehensive insights.
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primary products? 5.1.4 Reasons for a widening gap – Trade and investment
Where do most primary products come from and where do they end up? 5.1.4 Reasons for a widening gap – Trade and investment How might this be changing recently in terms of - manufacturing locations - Geographical trade flow changes
Terms of trade Page 146 handout 1. What are terms of trade and how are they changing? 2. What does this mean for a. the income of a poor exporting country? b. Local people needing primary products in that country?
Coffee – example of trade pattern • Why is it known as black gold? • Which players benefit and which lose out from the current trade pattern? • Draw two coffee cups, one full of environmental impacts the fluctuation in prices has led to. The other social impacts.
Recap • How does trade affect the development gap T R A D E
