International Trade (2)

Economics S.S.S 3 First Term

WEEK 10

International Trade (2)

Performance Objectives

Student should be able to:

1. Explain the term of trade and discuss the instruments of foreign protection.
2. Explain the meaning of the various forms of economic integration.
3. Outline the trend and structure of Nigeria external trade.

Content

Globalization is the spread of products, technology, information, and jobs across national borders and cultures. In economic terms, it describes an interdependence of nations around the globe fostered through free trade.

On one hand, globalization has created new jobs and economic growth through the cross-border flow of goods, capital, and labour. On the other hand, this growth and job creation is not distributed evenly across industries or countries.

Globalization has grown due…