Identification should include countries around the world that provide established markets along with those countries that are playing an increasing role in global trade. Economic development and other economic indicators point to identification of successful trading nations. Special focus should be placed on African nations, China, Southeast Asia, and South American nations.
Process/Skill Questions:
- What are the major economic indicators?
- How do economic indicators reflect a nation’s ability to trade in the marketplace?
- What is an emerging market?
- What types of economic systems are prevalent in the global marketplace?
- What is the difference between a mature market and an emerging market?
- What countries have played an increased role in global commerce in recent years?
- How does China’s influence in African nations affect the United States’ geopolitical interests?