Tag Archives: Trade

Trading all over the world!

Article 5

Adults have the responsibility to help you learn to exercise your rights, and to ensure that your rights are protected.

World trade rules are unfair and often disadvantage developing countries.  Today, Primary 5 explored international trade issues to try and find out how this has happened.

We were divided into ten groups, each representing a different country:

  • A most developed country (e.g.France, Canada)
  • A less developed country (e.g. India, South Africa)
  • A least developed country (e.g. Honduras, Kenya)

Each country was given an envelope containing raw materials (e.g. paper) and/or technology (e.g. scissors). The materials and technology differed from country to country, according to their level of development. With the contents of their envelopes, the countries were asked to produce shapes; each shape representing a monetary value they could redeem by depositing in either the Bank of Deas or Valentine’s Bank. The goal of the game was to gain as much wealth as possible.

It didn’t take long for us to discover that the contents of our envelopes were not equally distributed; some did not have enough raw materials or technology to produce any of the shapes. In order for us to do so, we had to negotiate and trade with other countries.

Everyone soon become extremely engaged in the game and there was a real buzz about the room. We were eager to produce tip top shapes and were very active in negotiating and trading with each other. However, there was some very underhand dealings going on! Not all countries were cooperative and helpful; selling resources at astronomical costs, counterfeit goods were being cashed in at the bank, there was dodgy trading at one of the banks and even some materials being sold on the black market by Miss King!!

The afternoon was a great success, especially for Canada who earned an impressive £22,000.  Everyone gained a better understanding of the situation Third World countries find themselves in such as Tanzania who only managed to bank £3,150.

Well done to everyone involved.