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Trade and Specialization

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Trade and Specialization. Trading around the World. Terms for Specialization and Trade. * Specialization -focus on one or a few aspects of production in order to improve efficiency *Interdependence- the relationship of mutual reliance and influence among groups of people or nations

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Trade and Specialization

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  1. Trade and Specialization

    Trading around the World
  2. Terms for Specialization and Trade *Specialization-focus on one or a few aspects of production in order to improve efficiency *Interdependence-the relationship of mutual reliance and influence among groups of people or nations *Trade Barrier-any limitation on the flow of goods between nations *Free Trade-trade among nations that is not restrained by protective tariffs or other government restrictions
  3. Why has international trade increased greatly throughout the world? Improvements in communications, transportation, lowering of trade barriers, increased income levels
  4. Whereintheworld? Youandapartnerwilldeterminefromwhereintheworldtheitemslistedontheaccompanyingsheetcame?Usethenationslistedonthe next slide to help you identify the companies’ nations of origin . Nexttoeachnationisthenumberoftimesthatnationwillbeused. Thepartnershipwiththemostcorrectanswerswillreceive½ thatamountofbonuspointsaddedtotheirindividualbank.
  5. Nations to Choose United States (9) France (1) Belgium (1) Netherlands (1) Germany (6) Italy (1) United Kingdom (4) Switzerland (2) Sweden (1) Japan (2) Bahrain (2)
  6. Switzerland
  7. Sweden (Chinese-owned)
  8. Netherlands
  9. Japan-congolmerate (subsidiaries)
  10. United Kingdom (Scotland)
  11. United States
  12. United States
  13. United States
  14. Germany
  15. Japan-conglomerate
  16. United States
  17. United Kingdom
  18. United States
  19. Switzerland
  20. Germany
  21. United States
  22. United States (University of Florida)
  23. United Kingdom
  24. Germany
  25. United States
  26. Germany
  27. France
  28. Italy
  29. Germany
  30. Church’s Chicken Bahrain
  31. Dial Soap Germany
  32. Caribou Coffee Bahrain Arcapita (formerly Crescent Capital Investments). Because Arcapita is an Islamic venture capital firm, bacon was removed from the menu after the sale (pork not being halal). In accordance with Islamic Sharia law, the company does not invest in any businesses which offer credit or charge interest, or sell pornography, alcohol, or pork products. The company also owns Caribou Coffee.
  33. Holiday Inn United Kingdom
  34. Trader Joe’s United States
  35. Belgium
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