Introduction to Module 1 - World Trade
The trade of items from one place to another has been a part of human existence for millennia. Countries have different natural, human, and capital resources and different ways of combining these resources. At the same time, trade has developed, allowing countries to specialise in these different resources. Ideally, the countries of the world can make the best use of sharing these resources in a cooperative and sustainable manner that benefits all.
World trade has been increasing both in volume and its impact on the global population. This increase should result in more efficient trade and higher standards of living. However, this is not often the case, as will be explored in Modules Two to Five.
Most students are not aware of their important role as consumers of imported products in our economy. Students need to be informed of how world trade is a big part of their material lives. These activities are designed to encourage students to see the relationship between what they own and the everyday activities of people all around the world.
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