Who is someone that you depend on?
Why are you dependent on him/her?

You will all have different resources, but you must
acquire these things for your society:
◦ Money/Capital — make five rectangles of green paper
◦ Natural Resources/Oil — make 3 black circles
◦ Shelter — make a brown square and attach a white triangle
to the top of the square.
◦ Industry/Factories — Make a five-link paper chain, with
each link being a different color.
◦ Education — Make a four-page book out of four different
colors.


Groups will appoint 1 ambassador who can meet and
trade with different societies. Only this person can
speak with other groups. The other 2 members must
construct the goods.
You have 15 minutes to make everything you need
for your society.


Trade is one way that nations solve the
problem of scarcity (not having enough
resources for your wants/needs). They trade
to obtain goods/services that they cannot
easily produce.
Comparative Advantage – Some countries are
better suited to produce products. If you had
more of something, that is your comparative
advantage
◦ What was your group’s comparative advantage?
 Exports – goods sold to other countries.
 Imports – goods purchased from other
countries.
 Balance of Trade – difference between value of
a nation’s imports and exports
 Favorable Balance of Trade: exporting more
than you import
 Trade Surplus – value of exports bigger than value of
imports
 Trade Deficit – value of imports bigger than value of
exports
 Tariff – tax on imported good (usually to make people
buy domestic (US) goods)
What makes a country
developing?



Less educated, healthy
Less Manufacturing,
Less Technology, Low
GDP
Have More Natural
Resources
POOR
What makes a country
developed?



Educated, healthy
More Industry, &
Technology, High GDP
Consume many natural
resources (oil)
RICH

International Monetary Fund & World Bank:
offers monetary advice & loans to developing
countries.

Global interdependence: nations depend on
each other

Richer nations sell products to obtain natural
resources from poorer nations.

Poorer nations need food, technology, and
money from richer nations

Complete a vocabulary map on outsourcing
AND globalization.
Definition in your own words
Vocab Word
Why is it important OR
Give an example

Use it in a sentence
Draw it!
Read about different global institutions such
as the, EU (p567), World Trade Organization
(p569), NAFTA (p569), and United Nations
(p617). Write a 2-3 sentence mission
statement that summarizes what each
organization was formed to do.


Read about the different theories of
protectionism and free trade
Complete this reading strategy:
◦ Write the most important sentence from each
paragraph
◦ List the people that have each opinion:
protectionism and free trade
◦ Explain what each theory believes about tariffs

Complete the Semantic Analysis Chart on Free
Trade & Protectionism