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Understanding Economic Sectors Explained

Here are some potential consequences if a country in a major global supply chain did start a war: - It could severely disrupt global trade and supply chains. Many countries and companies rely on stable trade relationships. - It could damage the starting country's economy by reducing foreign investment and trade. Other countries may impose sanctions or shift supply chains away from the aggressor nation. - It could raise tensions and geopolitical instability more broadly as other countries work to replace the disrupted trade relationships and supply chain links. This could have unintended consequences for peace and stability. - The starting country may face international isolation and condemnation. Other countries have economic incentives to cooperate and resolve conflicts peacefully within the existing global trade system.

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41 views16 pages

Understanding Economic Sectors Explained

Here are some potential consequences if a country in a major global supply chain did start a war: - It could severely disrupt global trade and supply chains. Many countries and companies rely on stable trade relationships. - It could damage the starting country's economy by reducing foreign investment and trade. Other countries may impose sanctions or shift supply chains away from the aggressor nation. - It could raise tensions and geopolitical instability more broadly as other countries work to replace the disrupted trade relationships and supply chain links. This could have unintended consequences for peace and stability. - The starting country may face international isolation and condemnation. Other countries have economic incentives to cooperate and resolve conflicts peacefully within the existing global trade system.

Uploaded by

kaztheyano
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

EDUCACIÓN Y

HUMANIDADES

Production

Felipe Cordero Lira


Traducción Inglés Español
International Business
30-03-2020
What do yuou know about the Economic
Sectors?
Economic Sectors

• Primary Sector:
• Agriculture, animal husbandry, mining, forestry and
extraction of raw materials form the earth.

• Secondary Sector:
• Manufacturing industry; raw materials turned into
finished products.

• Tertiary Sector:
• Commercial services that industry produce and distribute
goods to their final consumers. Also, education,
healthcare, leisure, tourism, etc.
Economic Sectors

• Quaternary Sector:
• Information services such as computing, information and
communication technologies (ICT), consultancy and
research and development (R&D). Also cultural activities
like the arts, universities and colleges*

• Quinary Sector:
• Research scientists, policy makers, governments, control,
creation of new technologies, legal and financial
consultants, etc.
• Public services like security, emergency services,
housekeeping among others.
Put the activities from the list in their
corresponding sector
Advertising products Assembling Building
Calculating prices Cutting metal Digging iron ore
Distributing added value Laying cables Maintenance
Marketing products Milling metal Mining coal
University program Pressing metal Pumping oil
Smelting iron Transportation Welding metal

Primary Secondary Tertiary


Digging iron ore Smelting iron Advertising products
Mining coal Assembling Calculating prices
Pumping oil Cutting metal Distributing added value
Laying cables Marketing products
Milling metal University program
Pressing metal Transportation
Building Maintenance
Welding metal
Questions before leaving

1. Which sector do you intend to work in the future?

2. What are the (approximate) proportions of the different


sectors in Chile?

3. How do you expect these proportions to evolve in the


future?

4. Have you ever heard of the Miracle on the Han River?


Questions before leaving
1. What are the (approximate) proportions of the different
sectors in Chile?

Distribution of gross domestic product (GDP) across economic sectors


Questions before leaving
1. What are the (approximate) proportions of the different
sectors in Chile?

Source
Questions before leaving
1. What are the (approximate) proportions of the different
sectors in Chile?

Source
Questions before leaving

1. Have you ever heard of the Miracle on the Han River?

Chile GDP in USD (1960): South Korea GDP in USD (1960):

4.11 billion 3.95 billion

Source 1
Source 2
Questions before leaving

If you want to know more, read this:

Education, the driving force for the development of Korea (Mini


stry of Education. South Korea).
Questions before leaving

1. The story of Rapamycin.

The full story here


What is Production?

1. According to Oxford Professors, J. Bates and J. R. Parkinson:

“Production is the organized activity of transforming resources


into finished products in the form of goods and services; the
objective of production is to satisfy the demand for such
transformed resources.”

2. According to the Nobel Prize in Economics laureate John


Hicks:

“Production is any activity directed to the satisfaction of other


peoples’ wants through exchange.”
Productivity Conceptual Model
Productivity Conceptual Model

Input Output
Questions before leaving

1. Why some authors think countries involved in a major


global supply chain are unlikely to start a war?

2. What would be the consequences if a country in a major


global supply chain did start a war?

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