This week in Geography, Year 6 explored the import and export balances of countries around the world. The children developed their understanding of how goods and services move between nations and how this trade impacts a country’s economy. The children learned about the concept of trade balance, discussing the differences between imports and exports and what it means for a country to have a surplus or a deficit. The children also explored how debt can have a significant impact on a country’s development and how increased income through trade can lead to improvements in infrastructure, education and quality of life.
Through discussion and enquiry, the children considered how global trade links countries together and how economic decisions can affect people’s everyday lives.
