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Reasons for the “Development Gap”. Social and Economic Groupings of Nations. OBJECTIVES: Indentify FOUR new ways of grouping countries. Explain different social and economic groupings if nations. Discover the consequences of grouping nations. Achieving target one.
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Social and Economic Groupings of Nations... OBJECTIVES: Indentify FOUR new ways of grouping countries. Explain different social and economic groupings if nations. Discover the consequences of grouping nations.
Achieving target one... Grade C – Group the following countries together. Grade A – Why have you grouped them in that way..? USA, Malawi, India, Italy, Japan, China, Saudi Arabia, Mexico, Sudan, Brazil.
The groupings... Group 1 – Affluent countries – USA, Europe, Japan. Group 2 – Emerging economies, GDP growth of 3% or more, 50% of the worlds population. Group 3 – Countries with important natural resources. Group 4 – Those that are lagging behind, isolated from the global community.
What is a trade bloc ?– Grade C Why do they exist? – Grade A
Free Trade Areas Common Markets Economic Unions Customs Unions
The worlds trade blocs... European Union (EU) North American Free Trade Agreement (NAFTA) Association of Southeast Asian Nations (ASEAN) European Free Trade Association (EFTA) South African Development Community (SADC) Mercosur Andean Community Caribbean Community (CARICOM)
Target Three – The consequences... TASK: Sort the information into positive and negative consequences.
Social and Economic Groupings of Nations... OBJECTIVES: Indentify FOUR new ways of grouping countries. Explain different social and economic groupings if nations. Discover the consequences of grouping nations.