Activity 01
Case Study Carousel: Terms of Trade Impacts
Prepare case studies on three countries like Zambia, Brazil, and Indonesia with terms of trade data. Small groups analyze one case, plot index graphs over 20 years, and note development effects. Groups rotate twice, adding peer insights to their original analysis before whole-class sharing.
Explain how adverse terms of trade can impede economic development for primary product exporters.
Facilitation TipFor Market Access Debate, assign roles clearly so students experience the imbalance of negotiating power firsthand.
What to look forPose the following to students: 'Imagine you are an economic advisor to a small island nation heavily dependent on tourism and imported fuel. Explain how a global recession (affecting tourism demand) and rising oil prices (increasing import costs) would simultaneously worsen its terms of trade and potentially increase its debt burden. What are the immediate policy challenges?'