Recent Changes

Session 2
Globalization
Globalization (or globalisation) describes the process by which regional economies, societies, and cultures have become integrated through communication, transportation, and trade.
Internet is a example of globalization because people can connect with others no matters the distance.
Outsourcing
Outsourcing is often viewed as involving the contracting out of a business function - commonly one previously performed in-house - to an external provider.
The venezuelan iron is an example of outsourcing because we export it to other countries as raw material.
Domestic trade
Domestic trade or Internal trade is the exchange of good, services, and capital within a sovereign state's borders or territories.
The cattle is an example of domestic trade because it is raised in states like Guarico and sold in states like Caracas.
Factors of production
Factors of production (or productive inputs or resources) are any commodities or services used to produce goods and services.
A boat is a factor of production because you use it to fish and then you sell the product.

Globalization, economic, goods, services, countries, International Trade.
International trade is one of te most relevants economic activities around the world. Why? The answer is simple: societies are dependent on others to succeed and satisfy their population needs. So.. How do we satisfy these needs? Through the exchange of goods and services, which take us to the globalization era, where the countries are linked by common interestes.
Globalization
Globalization (or globalisation) describes the process by which regional economies, societies, and cultures have become integrated through communication, transportation, and trade.
Internet is a example of globalization because people can connect with others no matters the distance.
Outsourcing
Outsourcing is often viewed as involving the contracting out of a business function - commonly one previously performed in-house - to an external provider.
The venezuelan iron is an example of outsourcing because we export it to other countries as raw material.
Domestic trade
Domestic trade or Internal trade is the exchange of good, services, and capital within a sovereign state's borders or territories.
The cattle is an example of domestic trade because it is raised in states like Guarico and sold in states like Caracas.
Factors of production
Factors of production (or productive inputs or resources) are any commodities or services used to produce goods and services.
A boat is a factor of production because you use it to fish and then you sell the product.
International Trade
Based on the information given in reading.

Session 1International Trade
International Trade
A Brief Introduction
Globalization, economic, goods, services, countries, International Trade.
International trade is one of te most relevants economic activities around the world. Why? The answer is simple: societies are dependent on others to succeed and satisfy their population needs. So.. How do we satisfy these needs? Through the exchange of goods and services, which take us to the globalization era, where the countries are linked by common interestes.
Sara Barrios, 10-01438 & Paula Roshupkin, 10-01922.
Globalization
Globalization (or globalisation) describes the process by which regional economies, societies, and cultures have become integrated through communication, transportation, and trade.
Factors of production (or productive inputs or resources) are any commodities or services used to produce goods and services.
A boat is a factor of production because you use it to fish and then you sell the product.
Sara Barrios, 10-01438 & Paula Roshupkin, 10-01922.
International Trade
Based on the information given in reading.
The rates fluctuate according to market forces. ---> The price of currency is either rising or failling.
2. If large amounts of exports are involved in the market country and if the transportation cost increase or currency exchange rates change. ---> It become cheaper to produce the product.
of goods.
If the countries increase the production of goods. ---> Countries have developed their economies.
Video
What are the two types of approaches to trade named by the narrator?
Developed countries in north American, Europe and East Asian tends to export high-tech goods such as computers, personal bills. The developed countries in Africa and Latin American exports basic staples such as textiles.
What countries are given as examples of countries following this trade?
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A boat is a factor of production because you use it to fish and then you sell the product.
Sara Barrios, 10-01438 & Paula Roshupkin, 10-01922.
International Trade
Based on the information given in reading.
1. What is the difference between national and international trade?
In my opinion the difference between national and international trade is that international trade is the exchange of goods and services across international borders and national trade is the purchase and sale of products and services within a particular nation's borders.
2. What are the three forms of international trade mentioned in the text?
The ability to facilitate the trade of goods.
Trading capital on the foreign exchange market.
The ability of nations to trade freely with all others is also vital for profits.
3. Why does the author believe that national trade limits the national economy?
Because in national trade is just the purchase and sale within a particular nations borders and the national economy needs more than just the domestic economy.
4. How can a consumer nation become indebted to a productive nation?
Because a consumer nation produces nothing as opposed to a producing nation that produces so many goods and services to meet the needs within the country as other countries.
Gateways to global markets
Write six questions based on the information given.
1. What is necessary to survive in the fast changing economy?
2. Which would be a reason why the governments try to control the exports and imports of a country?
3. Could be to be the remedy to beat the trade imbalance?
4. What sometimes the governments wants to protect a domestic industry?
5. Why a quota has a different effect on the market?
6. What referred to the author when he talks about multinational?
Why is International Trade?
The following sentences show a cause and effect relationship.
1. The exchange rate may vary greatly due to demand. ---> The rates fluctuate according to market forces.
The rates fluctuate according to market forces. ---> The price of currency is either rising or failling.
2. If large amounts of exports are involved in the market country and if the transportation cost increase or currency exchange rates change. ---> It become cheaper to produce the product.
3. Countries who met market demands through the increase of International Trade. ---> Can increase the production of goods.
If the countries increase the production of goods. ---> Countries have developed their economies.
Video
Keywords
The developed countries in North America, Europe and Asian export high-tech goods such as computers.
The developed countries in Latin American and African export basic staples such as textiles rice and sugar.
than others.
Taiwan
Taiwan and Uganda domestic things.
Latin American countries and others countries have many problems with the restrictions of manufactered goods.
Questions
What is the pattern of trade described by the narrator?
The 50% of world trade in developed countries. The 35% of world trade in South Irade and the rest possibility the 15% of world trade flows between developing countries.
the narrator?
Developed countries in north American, Europe and East Asian tends to export high-tech goods such as computers, personal bills. The developed countries in Africa and Latin American exports basic staples such as textiles.
What countries are given as examples of countries following this trade?
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Sara Barrios, 10-01438 & Paula Roshupkin, 10-01922.
Globalization
and trade.
Internet is a example of globalization because people can connect with others no matters the distance.
Outsourcing
A boat is a factor of production because you use it to fish and then you sell the product.
Sara Barrios, 10-01438 & Paula Roshupkin, 10-01922.
Video
Keywords
Pattern of trade. Exchange of goods. Import and industrialization.
Part 1 main idea
Part 1 details
International trade is the exchange of goods and services between nations.
Part 2 main idea
The exchanges of goods and services changes with the countries and their place in the race of the world economic. Europe and North American have the first place and One latin american country, Brazil has the 3th place with an increasse because it exports 7% of GDP. South Korea´s has the 36% of GDP.
Part 2 details
The developed countries in North America, Europe and Asian export high-tech goods such as computers.
The developed countries in Latin American and African export basic staples such as textiles rice and sugar.
Some countries are more interesting to export than others.
Taiwan and Uganda are in a competition to export domestic things.
Latin American countries and others countries have many problems with the restrictions of manufactered goods.
Questions
What figures does the narrator give to show the increase in international grade during the 35 year period from 1970 to 2004?
The narrator show us the picture of a many womens working hard and later he show us the picture of machines and a few mens.
What countries have gained economic growth through international trade?
Latin American countries such as Mexico and Brazil, and South Korea, Taiwan have gained economic trough international trade.
What is the pattern of trade described by the narrator?
The 50% of world trade in developed countries. The 35% of world trade in South Irade and the rest possibility the 15% of world trade flows between developing countries.
What are the two types of approaches to trade named by the narrator?
Developed countries in north American, Europe and East Asian tends to export high-tech goods such as computers, personal bills. The developed countries in Africa and Latin American exports basic staples such as textiles.
What countries are given as examples of countries following this trade?

Incomplete
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Factors of production (or productive inputs or resources) are any commodities or services used to produce goods and services.
A boat is a factor of production because you use it to fish and then you sell the product.
Sara Barrios, 10-01438 & Paula Roshupkin, 10-01922.

International trade is one of te most relevants economic activities around the world. Why? The answer is simple: societies are dependent on others to succeed and satisfy their population needs. So.. How do we satisfy these needs? Through the exchange of goods and services, which take us to the globalization era, where the countries are linked by common interestes.
Sara Barrios, 10-01438 & Paula Roshupkin, 10-01922.
Globalization
Globalization (or globalisation) describes the process by which regional economies, societies, and cultures have become integrated through communication, transportation, and trade.
Internet is a example of globalization because people can connect with others no matters the distance.
Outsourcing
Outsourcing is often viewed as involving the contracting out of a business function - commonly one previously performed in-house - to an external provider.
The venezuelan iron is an example of outsourcing because we export it to other countries as raw material.
Domestic trade
Domestic trade or Internal trade is the exchange of good, services, and capital within a sovereign state's borders or territories.
The cattle is an example of domestic trade because it is raised in states like Guarico and sold in states like Caracas.
Factors of production
Factors of production (or productive inputs or resources) are any commodities or services used to produce goods and services.
A boat is a factor of production because you use it to fish and then you sell the product.