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International Trade and Economic Development

PHOTOS SPARK CONVERSATIONS

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What do you think is happening here?

How does this contribute to a country’s economy?

LET'S LEARN!

Useful Words/Phrases

  • export
  • import
  • trade agreement
  • tariff
  • economic development
  • supply chain
  • globalization

SPEAK MORE!

Direction: Discuss the following questions with your mentor and share about yourself. Make sure to answer in complete sentences.

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  1. How does international trade benefit a country’s economy?
  2. What are some challenges that come with importing and exporting goods?
  3. How do you think trade agreements affect relationships between countries?
  4. Why might a country impose tariffs on certain goods? What could be the impact?
  5. Can you think of any products in your daily life that come from another country?
  6. How does globalization affect local businesses and employment?

Let's Practice!

Direction: Create a question using the vocabulary discussed.

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exports and imports
Situation:

1. Think about exports and imports. How would you ask about the effect of these on a country’s economy?

tariffs
Situation:

2. Consider tariffs. Frame a question about why countries might use them.

globalization
Situation:

3. Think about globalization. Ask about its impact on cultures and economies.