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Globalisation & Trade

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Mind Map on Globalisation & Trade, created by N D on 05/17/2014.
N D
Mind Map by N D, updated more than 1 year ago
N D
Created by N D almost 11 years ago
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Resource summary

Globalisation & Trade
  1. World Trade Patterns
    1. Import
      1. Buy goods
      2. Export
        1. Sell goods
        2. Trade surplus
          1. sells more than it buys
          2. Trade deficit
            1. Buys more than it sells
            2. Trade balance
              1. exports & imports are equal
              2. Countries that export raw materials
                1. Tins, rubber
                  1. likely to be developing
                    1. burdened by civil war, debt
                2. Countries that turn raw materials into finished goods
                  1. likely to be developed
                    1. very expensive
                  2. Services sold abroad
                    1. Invisible goods
                      1. Banking
                        1. Accounting
                      2. Rapid intudrialisation
                        1. Countries that are between developing & developed
                          1. Brazil, Russia, India & China
                            1. Known as BRIC
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