Starter What do you know about India’s economy at present?
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Transcript of Starter What do you know about India’s economy at present?
Starter
What do you know about India’s economy at present?
Look at the following infographics
Think pair share:
What does this data show you?
TOPIC 2
KEY PLAYERS IN THE WORLD ECONOMY
WHY DOES A BUSINESS SEEK INTERNATIONAL MARKETS?
Learning Objectives by the end of this lesson students at ….
• Will be able to evaluate the overseas impact of China and India’s growth
Evaluation ~
GCE Grade A*
• Will be able to propose the overseas impact of China and India’s growth
Synthesis~
GCE Grade A
• Will be able to analyse the overseas impact of China and India’s growth
Analysis ~
GCE Grade B
• Will be able to demonstrate understanding by using examples/cases
Application ~
GCE Grade C
• Will be able to explain the overseas impact of China and India’s growth
Comprehension ~ GCE Grade D
• Will be able to recall the impact of China and India’s growth
Knowledge ~
GCE Grade E
10
1
Success Criteria
Overseas impact of Chinese and Indian Growth
Chinese foreign policy has been to build relationships with smaller countries (e.g. Africa) and then to share development in the countries raw materials
Low costs have been exaggerated by low valuation on the Chinese currency (government has manipulated) so makes it harder for producers in other countries to compete with Chinese goods
Overseas impact of Chinese and Indian Growth
In the past, China’s production has been mainly labour-intensive and low-technology so businesses in other countries have found it easier to compete
However, advances in Chinese technology
Indian growth in IT services
Overseas impact of Chinese and Indian Growth
China provides cheap and reliable outsourced parts and components
Rapid income growth in China has created some affluent consumers with growing tastes for luxuries (Champagne and chocolate sales rise by 25% per year)
Progress Arrow
Against The Clock
You have 5 minutes in groups (before the sand
runs out!) to write on your whiteboards:
• The overseas impact of China and India’s growth
Now Feedback to class
Task
Task
The impact of Indian call centres on UK business
Researching the relocation of BT’s call centre activity to India in 2003
Working in pairs, why it was possible for BT to outsource its call centre activities to India.
Copy and complete the following table, which looks at the pros and cons of outsourcing this type of work to another country.
Task
The impact of Indian call centres on UK business
Advantages for BT customers
Disadvantages for BT customers
Advantages for BT Disadvantages for BT
Advantages for India Disadvantages for India
Advantages for the UK economy
Disadvantages for the UK economy
Progress Arrow
Homework
Research and discuss the impact of China’s growth on UK manufacturing industry
Investigate the causes and consequences of the collapse of the MG Rover plant at Longbridge
Create a PowerPoint to outline and evaluate a strategy that small manufacturing businesses in the UK could adopt in order to stave off competition from abroad and save local jobs.
Plenary: Articulate!
Lesson Keywords
India Growth Domestic Production
On your cards
Topic 2: Key players in the world economy ?
Write down: 2 or more things you found easy to
understand/ remember from the lesson
What did you find difficult to understand
Exit pass
Learning Objectives by the end of this lesson students at ….
• Will be able to evaluate the overseas impact of China and India’s growth
Evaluation ~
GCE Grade A*
• Will be able to propose the overseas impact of China and India’s growth
Synthesis~
GCE Grade A
• Will be able to analyse the overseas impact of China and India’s growth
Analysis ~
GCE Grade B
• Will be able to demonstrate understanding by using examples/cases
Application ~
GCE Grade C
• Will be able to explain the overseas impact of China and India’s growth
Comprehension ~ GCE Grade D
• Will be able to recall the impact of China and India’s growth
Knowledge ~
GCE Grade E
10
1
Success Criteria