• https://www.timesnownews.
com/india/economic-survey-2022-23-indias-foodgrains-
1
production-touched-record-315-7-million-tonnes-in-2021-22-article-97485174
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Name some technical terms
related to International trade?
2
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S20
IGCSE®/O Level Economics
6.1 International specialization
6.1.1 specialisation at a national level
6.1.2 advantages and disadvantages of
specialisation at a national level
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Brainstorm :
• Why do nations choose to trade with other
nations?
• How do they decide which goods to export, which
to import—and with whom?
• What impact does trade have on the economies of
other nations?
• How has trade changed over the past few decades
in UAE?
4
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Research work:
• Identifies possible reasons for the specialisation.
• Explore why UAE specialises in these products.
United Arab Emirates - Oil and Gas (trade.gov)
5
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Think:
• You will probably find that a great many different
foods and electronic goods in your home were
produced overseas.
• Products will vary by country but many countries
produce many types of food as well as importing
the same. Similarly, many countries both
manufacture and import cars.
• Investigate using your own knowledge and
research, for example, online or via business
newspapers.
6
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7
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• Identify countries that specialise in the production and export of
specific products (e.g. Saudi Arabia in oil, Kenya in horticultural
products and tea and Bangladesh in clothing). 8
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9
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10
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11
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12
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Think :
• ‘superior resource allocation’
• ‘cheaper production methods’
• Define these terms and use them to classify
and explain the reasons for specialisation
identified earlier.
14
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Let’s debate :
• In groups, discuss the possible benefits and drawbacks of
specialisation by countries.
• The benefits and drawbacks should relate to:
1. consumers of the products,
2. producers of the products,
3. the economies in which the consumers and producers are
based.
• Explore the benefits and drawbacks of Ghana’s
specialisation in cocoa production for: cocoa producers in
Ghana, consumers of chocolate in the UK, the economies
of Ghana and the UK (Assess Ghana’s Position in Achieving the SDGs). 15
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16
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17
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What have you learnt?
Benefits from international trade and
specialization include
• economic growth and higher standards of
living;
• a wider variety of goods and services to
choose from;
• lower prices and better quality due to
increased competition.
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