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The Impact of Global Trade on Communities: Benefits and Drawbacks Explored

Chapter 9 delves into the complex world of global trade and its effects on local communities. It examines how trade connects countries to meet their needs for goods and services, ranging from natural resources like oil and grapes to manufactured products such as cameras and jeans. While global trade can provide access to quality and affordable products, it also poses challenges, including job losses in certain industries, wage suppression in poorer countries, and international conflicts over resources. Join us in exploring both the positive and negative facets of global trade.

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The Impact of Global Trade on Communities: Benefits and Drawbacks Explored

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Presentation Transcript

  1. Review Game Chapter 9: How Does Global Trade Affect Our Community?

  2. Tricky Taboo • Natural resource • manufactured • Global trade • Goods • Oil

  3. Tricky Taboo • Service • Companies • Grapes • Countries • Produce

  4. Manufactured Good or Natural Resource • Grapes • Oil • Camera • Jeans • Gold • Car • Diamonds • natural resource • natural resource • manufactured good • manufactured good • natural resource • manufactured good • natural resource

  5. What do you think? What is bad about global trade? What is good about global trade? C0nnects many countries around the word Get what they want and need Buy quality goods Buy low-cost goods • Some countries lose business to other countries • Keeps workers’ pay low in poorer countries • Countries may fight over prices or limited goods/resources

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