International trade and natural resources

International trade and natural resources

Instructions

International trade and natural resources

International trade plays a significant role in the distribution of natural resources around the world. Natural resources are materials or substances that occur naturally and are essential for economic and social development. These resources can be divided into two main categories: renewable and non-renewable resources. Renewable resources can be replenished naturally over time, while non-renewable resources cannot be replaced once they are depleted.

International trade involves the exchange of goods and services between different countries. Countries that have an abundance of natural resources can export them to countries that have a scarcity of these resources. This allows countries to specialize in producing goods and services that they are relatively better at producing and trade with other countries to obtain the resources they need.

Non-renewable resources such as oil, coal, and gas are traded extensively on the global market. The countries that have these resources can earn significant revenue from exporting them to other countries. For example, the Middle Eastern countries are known for their oil reserves and earn billions of dollars every year from exporting oil to other countries. Similarly, countries like Australia and Canada have extensive coal reserves and export them to countries like China and India.

However, the exploitation of natural resources can have adverse effects on the environment and the communities that rely on these resources for their livelihoods. In some cases, the extraction of natural resources can lead to environmental degradation, such as deforestation, soil erosion, and water pollution. It can also lead to conflicts between different groups over access to these resources.

Renewable resources such as timber, fish, and agricultural products are also traded on the global market. These resources are essential for food security, and countries that have a surplus of these resources can export them to countries that have a scarcity of them. For example, countries like Brazil and Indonesia have extensive forest resources and export timber to other countries. Similarly, countries like Norway and Japan are known for their fishing industry and export fish to other countries.

However, the overexploitation of renewable resources can also have adverse effects on the environment and the communities that rely on them. Overfishing, for example, can lead to the depletion of fish stocks and can have a significant impact on the fishing industry and the communities that depend on it.

International trade can also have a significant impact on the price of natural resources. The price of natural resources is determined by the forces of supply and demand in the global market. The demand for natural resources is driven by factors such as population growth, economic development, and technological advancements. The supply of natural resources, on the other hand, is determined by the availability of these resources in different countries.

The prices of natural resources can be highly volatile, and changes in the global market can have a significant impact on the economies of countries that rely on these resources. For example, a decline in the demand for oil can lead to a decline in the price of oil, which can have a significant impact on the economies of countries that depend on oil exports.

In conclusion, international trade plays a significant role in the distribution of natural resources around the world. Natural resources can be divided into two main categories: renewable and non-renewable resources. The exploitation of these resources can have adverse effects on the environment and the communities that rely on them. The price of natural resources is determined by the forces of supply and demand in the global market and can have a significant impact on the economies of countries that rely on these resources.

International trade and natural resources

RUBRIC
Excellent Quality 95-100%	Introduction 45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.		Literature Support 91-84  points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.			Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score 50-85%	40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.		83-76  points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.			52-49  points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality 0-45%	37-1 points The background and/or significance are missing. No search history information is provided.		75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.			48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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