International Trade class 12 Notes Geography

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CBSE class 12 Geography International Trade class 12 Notes Geography in PDF are available for free download in myCBSEguide mobile app. The best app for CBSE students now provides International Trade class 12 Notes Geography latest chapter wise notes for quick preparation of CBSE board exams and school based annual examinations. Class 12 Geography notes on chapter 9 International Trade Geography are also available for download in CBSE Guide website.

CBSE Guide International Trade class 12 Notes Geography

CBSE guide notes are the comprehensive notes which covers the latest syllabus of CBSE and NCERT. It includes all the topics given in NCERT class 12 Geography text book. Users can download CBSE guide quick revision notes from myCBSEguide mobile app and my CBSE guide website.

12 Geography notes Chapter 9 International Trade

Download CBSE class 12th revision notes for chapter 9 International Trade in PDF format for free. Download revision notes for International Trade class 12 Notes Geography and score high in exams. These are the International Trade class 12 Notes prepared by team of expert teachers. The revision notes help you revise the whole chapter 9 in minutes. Revision notes in exam days is one of the best tips recommended by teachers during exam days.

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CBSE class 12 Geography (Book-1)

CHAPTER-9 

International Trade class 12 Notes Geography

TWO LEVELS

NATIONAL AND INTERNATIONAL

The initial trade was barter system in which goods are exchanged Before currency there were flint stones, obsidian, cowries shells tigers paw, whales teeth dogs teeth skins furs cattle rice pepper corns salt small tools copper silver and gold.

HISTORY OF INTERNATIONAL TRADE

1. Trade was restricted to small distance due to theft

2. People used to satisfy their immediate facilities

3. Only rich people used to bring jewellary and other ornaments

4. The silk route is an example connecting with china and Rome

5. Wool silk precious stones; were trade

6. After Rome disintegration it was not given importance

7. The slave trade was started with the colonization

8. After industrial revolution raw material and finished products are given importance

9. During world wars many countries imposed taxes

10. After the world war GATT was formed

WHY DOES INTERNATIONAL TRADE EXIST

1. Specialization in production

2. Division of labor

3. Comparative advantage

4. Complementarily and transferability of goods, services

5. Mutual benefit

6. foreign policy

7. developed transport and communication

BASIS OF INTERNATIONAL TRADE

1. DIFFERENCE IN NATIONAL RESOURCES

A.   Geological structure

B. Mineral resources

C. Climate

2. Population factors

a. Cultural factors

b. Size of population

3. Stage of economic development

4. Extent of foreign investment

5. Transport

IMPORTANT ASPECTS OF INTERNATIONAL TRADE

1. Volume of trade

2. Composition of trade

3. Direction of trade

4. Balance of trade

TYPES OF INTERNATIONAL TRADE

1. Bilateral trade

2. Multilateral trade

CASE FOR FREE TRADE

DUMPED GOODS

WTO

·   GATT WAS FORMED IN 1948

·   The GATT was transformed in to WTO on 1.1.1995

·   It maintains the global rules between the nations

·   It resolves the disputes between the nations related to trade

·   It covers trade services, telecommunication and banking, intellectual rights

·   It gives importance to rich nations

·   It is not favour to poor nations

REGIONAL TRADE BLOCS

ASEAN, CIS,EU,LAIA,NAFTA, OPEC, SAFTA

CONCERNS RELATED TO INTERNATIONAL TRADE

1. Regional specialization

2. Higher level of production

3. Better standard of living

4. World wide availability of goods and services

5. Equalization of prices and wages

6. Diffusion of knowledge and culture

7.  Leads to dependence

8. Uneven level of development

9. Exploitation

10. Commercial revelry leads to wars

11. Affect life

12. Production and use of resource raised

13. Depletion of resources

14.  More pollution

GATE WAYS OF INTERNATIONAL TRADE PORTS

1. Provide facilities to cargo and passenger

2. Provide docking, loading unloading, storage facilities for cargo

3.  Maintain navigable channels

4. Arrange tugs and barges, provide labor managerial services

5. The quantity of cargo handled by the port is an indicator of level of development of its hinter land

TYPES OF PORT

BASED ON CARGO HANDLED

1. Industrial ports

2. Commercial ports

3. Comprehensive

BASED ON LOCATION

1. Inland ports

2. outports

BASED ON SPECIALISED FUNCTION

1. Oil ports

2. Ports of call

3. Packet station

4. Entre pot ports

5. Naval ports

International Trade class 12 Notes Geography

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CBSE Class-12 Revision Notes and Key Points

International Trade class 12 Notes Geography. CBSE quick revision note for class-12 Geography, Chemistry, Math’s, Biology and other subject are very helpful to revise the whole syllabus during exam days. The revision notes covers all important formulas and concepts given in the chapter. Even if you wish to have an overview of a chapter, quick revision notes are here to do if for you. These notes will certainly save your time during stressful exam days.

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