YEAR 11 - WTO task

Watch the each video and answer the following questions:

Evaluating sources:

1. What stories do the videos tell about free trade and the WTO?
2. What biases do the videos express?
3. Overall, do the videos portray a successful WTO? Discuss.

Rise of the WTO

How do the WTO, World Bank and IMF work?

the truth behind the WTO by War on Want

What Is WTO? - Noam Chomsky

WTO : Why is it BAD for you ? 

We are at risk of a trade war - and the West has most to lose 

WTO at Fifteen

Read the articles and summarise the main points:

Rare earths
We are at risk of a trade war - and the West has most to lose 

 

 

YEAR 11 GLOBALISATION ACTIVITY - Feb 2

Globalisation - Activity

The aim of this activity is to encourage you to think about some of the issues surrounding globalisation. The term is widely used but appears to be a relatively new one; it does not appear in many of the common textbooks at this level, for example, but it is an issue that is causing increasing interest. In many respects, it is an extension of the micro issues surrounding the operation of markets and the capitalist system. Instead of the problems of monopoly power, pollution, exploitation and the like being a focus of one country in which the business is operating, the global nature of business these days means that the impact of the business' activities are felt by increasing numbers across the planet.

Protesters at recent G8 Summits have been greeted with scenes such as this.

It is difficult to find a clear definition of the term 'globalisation' but it is clear that it is associated with particular characteristics; the following is a list of some of those characteristics:

• Growth in technology
• Capitalist or market economic systems
• Corporate expansion
• Trade issues
• Poverty and inequality
• Impact on the environment
• Communication
• Brand expansion and recognition

Each of these is important in its own right, but in their wake they bring other problems. There are many in the world that believe that the benefits of increasing global economic growth are being outweighed by the costs. The gap between the 'haves' and 'have-nots', for example, is an important source of frustration and disenchantment. The gap is made all the more obvious because of the spread of global mass communication.
Such a situation invariably results in some form of violent response. The root of much terrorist activity can be traced to the problems facing those who are often living in abject poverty with little or no hope of improvement in their lives. Solve the problems of unemployment, inequality and poverty and terrorism and crime would be reduced considerably, so the argument goes.

Globalisation - all bad?

Like all things in economics, it will have its positive benefits as well as its costs. The purpose of the Activity is for you to research the extent to which we can identify the costs and benefits of globalisation and to arrive at a judgement about how globalisation should be managed - if indeed it is possible to do so?

Task:

Conduct some research into either the costs or the benefits of globalisation. You should aim to give a presentation lasting approximately 15 minutes outlining your case. At the end of the presentation, you should be prepared to take 10 minutes of questions from your 'audience' on the issues you have raised in your presentation.
The 'opposition' will present their case in a similar manner. At the end of the exercise, you will be asked to write a short 500 word report on whether, and how, globalisation should or can be 'managed'. The intention of the report is to get you to write a concise summary of the key issues facing the planet as globalisation takes a further hold. You will be raising the key issues that face the authorities rather than providing any form of definitive answer. For example, you may feel that a key way of solving many of the problems is to further extend the movement towards freeing up trade. At this level, how that may be done is another matter!
The activity will utilise your research skills, your ability to select and synthesise information effectively and your ability to present a coherent and well-argued case. The links below give you some initial starting points for your research. Remember: do not get caught out by finding too much information and then not being able to do anything effective with it!

• What is globalisation? - Guardian special report (http://www.guardian.co.uk/globalisation/story/0,7369,823274,00.html)
• Globalisation is Good (http://www.tutor2u.net/blog/index.php/economics/comments/globalisation-is-good)
• The gated globe (http://www.economist.com/news/special-report/21587384-forward-march-globalisation-has-paused-financial-crisis-giving-way)
• Income inequality: is globalisation a help or a hindrance? (internationalroom.wordpress.com)
• Unity or Domination? Which Does Globalisation Stand For? (burnsyatrams.wordpress.com)
• The Ever Changing World (em849.wordpress.com)
• Globalisation (adambagnall2013.wordpress.com)
• The only way out of the crisis? The globalised middle class and a new paradigm (familyhurts.wordpress.com)
• Globalization (venitism.blogspot.com)
• Thinking Local, Acting Global. (declanbehan.wordpress.com)

BIG QUESTION YEAR 10 - Costs Diagram 22nd January

Year 11 BQ 18th November

Go to the above website (click here) and answer the following questions below this post and to present to your classmates:

1. Choose a country

2. What is the highest/lowest inflation rates they have experienced?

3. What are the most/least weighted items in their basket of goods?

4. What is the current rate of inflation in your chosen country and what are the principal factors currently affecting the inflation rate?