Chapter 18 Foreign Trade December. 2005
Chapter 18 Foreign Trade December, 2005
Procedure 1. Summary of chapter 18 2. Students' presentations 3.In-class activities
Procedure 1. Summary of chapter 18 2. Students’ presentations 3. In-class activities
Al Introduction -From Imperial Power to European Partner o The dominant economic philosophies in nineteenth century Britain were laissez-faire(non involvement of the government in business)and free trade o After World War l, britain initially established EF TA (European Free Trade Association) in 1950 along with other non-EEC European countries o Increasingly closer union between Britain and her European partners
A1 Introduction – From Imperial Power to European Partner ❖ The dominant economic philosophies in nineteenth century Britain were laissez-faire (noninvolvement of the government in business) and free trade. ❖ After World War II, Britain initially established EFTA (European Free Trade Association) in 1950, along with other non-EEC European countries. ❖ Increasingly closer union between Britain and her European partners
A2 Imports Exports o With 1% of the world's population, Britain has approximately 5% of world's trade o Britain is the fourth or fifth largest trading nation in the world, ranking behind the USA, Germany and Japan, and sometimes France
A2 Imports & Exports ❖ With 1% of the world’s population, Britain has approximately 5% of world’s trade. ❖ Britain is the fourth or fifth largest trading nation in the world, ranking behind the USA, Germany and Japan, and sometimes France
Major trading nations; values of exports imports in us dollars (billions)2000 USA Germany Japan france Britain Italy 口 Im ports Canada 口 Exports Netherlands Belgium Switzerland 200 400 600 800 100012001400
Major trading nations; values of exports & imports in US dollars (billions) 2000 0 200 400 600 800 1000 1200 1400 Switzerland Belgium Netherlands Canada Italy Britain France Japan Germany USA Imports Exports