单击此处编辑母版标题样式,单击此处编辑母版文本样式,第二级,第三级,第四级,第五级,*,*,*,Chapter 18 Foreign Trade,December,2007,Wang Yi,Procedure,1.Summary of chapter 18,2.Students presentations,3.In-class activities,A1 Introduction From Imperial Power to European Partner,The dominant economic philosophies in nineteenth century Britain were,laissez-faire,(non-involvement of the government in business)and free trade.,After World War II,Britain initially established EFTA(European Free Trade Association)in 1950,along with other non-EEC European countries.,Increasingly closer union between Britain and her European partners.,A2 Imports&Exports,With 1%of the worlds population,Britain has approximately 5%of worlds trade.,Britain is the fourth or fifth largest trading nation in the world,ranking behind the USA,Germany and Japan,and sometimes France.,In the past,the Commonwealth countries were Britains chief trading partners.This trade has declined and trade with Europe has increased.The diagram on p.291 shows the changing pattern of Britains export trade.,The European Union,-Britain joined the EEC in 1973 and as one of its members Britain is now part of an EU trading bloc accounting for about one third of the worlds trade.,-Nowadays the nations of the European Union taken as a whole are the largest group of countries both as suppliers and markets for the UK.In 1998 they bought 58%of British exports and provided 55%of the countrys imports.,-Within the EU Germany is Britains major market and supplier of imports(mainly machinery and manufactured goods including cars and chemicals).Next in importance are France,which sells manufactures and food to Britain,and the Netherlands which provide dairy produce and other food,followed by Italy,Belgium and Ireland.,-In 1992 the Single European Market was introduced.This enables the free passage of goods,capital and labour between the member countries.,A3 THE INTERNATIONAL ROLE OF THE CITY OF LONDON,The City of London,has,the greatest concentration of foreign banks in the world.,a banking sector that accounts for the largest share-almost one-fifth-of total international bank lending.,one of the worlds biggest international insurance markets.,the worlds largest foreign exchange market.,the largest centre in the world for trading overseas equities.,one of the worlds most important financial derivatives markets.,the principal markets for transactions in a large number of commodities.,a comprehensive range of ancillary and support services,including legal,accountancy and management consultancy.,a history of innovation and flexibility,which contributes to Londons strength as a financial centre.,Company,Product,Country,Ford,Motor vehicles,USA,Philips,Electrical goods,Netherlands,Michelin,Tyres,France,ICI,Chemicals,UK,Haier,Domestic appliances,China,Marks&Spencers,Clothing and food,UK,In-class Activity,Work in group of four,Draw up a list of advantages and disadvantages that you can see for Britain(or any other host country)in multinationals.,