LESSON PLAN

TEACHER: Miss A. Jackson

SUBJECT: Management of Business

SCHOOL: WilliamKnibb Memorial High School

UNIT TITLE: Business and its Environment

SUB-TOPICS: Globalisation and Protectionism

DATE: November 18 – November 29, 2024

DURATION: 500 Minutes (50 Minutes per Session)

GRADE: 12 and 13

___________________________________________________________________________

General Objective

Students will:

1. Develop an overall understanding of globalisation and protectionism.

Specific Objectives

At the end of the lesson students (audience) will be able to:

1.1 Discuss the impact of globalisation and trade liberalisation.

1.2 Discuss the pros and cons of protectionism and barriers to trade.

1.3 Appreciate the importance of globalisation and protectionism.

1.4 Analyze case study on globalisation and protectionism.

Teaching Methods:

 Questioning and answer – The teacher will engage the students in the lesson by

asking them questions to see if they understand what is being taught.

 Discussion – This strategy will be used to engage the students so they can share their

ideas and learn from each other.

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  Explanation – The teacher will explain further so that students get full understanding

of content.

New Skills:

1. Critical Thinking Skill – The students will develop this skill for the teacher will ask

questions in which they will be doing brainstorming.

2. Listening Skills – The students will develop better listening skills because the teacher will

engage them in class discussion.

Instructional Materials:

1. Marker – This will be used to write on the board.

2. Eraser – This will be used to erase unwanted information on the white board.

3. Textbook – Contents will be taken from this textbook; Management Of Business For

Cape® Examinations by Jerome Pitterson.

4. Whiteboard – This will be used to record students’ responses and to write pointers

Content Summary:

The Impact of Trade Liberalisation and Globalisation

Globalisation has turned the world into a single global marketplace. Caribbean countries are

no longer isolated but are part of a global network of trade. Products from around the world

are easily available in local stores, and businesses can now trade with international companies

more easily.

Trade Liberalisation is the removal of barriers to trade, such as tariffs (a tariff is a tax

imposed by a government on goods and services imported from another country), allowing

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BUSINESS DEPARTMENT ALL RIGHTS RESERVED
free access to markets. In the Caribbean, this process began with the formation of CARIFTA

(Caribbean Free Trade Association) in 1965 and evolved into CARICOM and the Caribbean

Single Market and Economy (CSME). The CSME allows the free movement of goods,

services, capital, and people across member states.

The World Trade Organization (WTO), formed in 1995, plays a key role in global trade by

reducing tariffs, resolving trade disputes, and setting international trade rules.

Globalisation

What is Globalisation?

Globalisation refers to the way the world is becoming more connected and interdependent.

This is especially true for the world economy, where businesses and markets across the globe

are now more linked than ever. Advances in technology over the past 20 years have made it

easier to trade, communicate, and do business internationally. Globalisation has turned the

world into a "single marketplace."

Factors Driving Globalisation:

1. Lower transportation costs: It's now cheaper and easier to move goods around the

world. Businesses can ship products quickly, and consumers can easily order items

from overseas.

2. Technology advances: Improvements in the internet and communication technology,

especially in the Caribbean, have made it easier to connect and grow businesses

worldwide.

3. Trade liberalisation: Trade rules have relaxed, allowing countries to trade more

freely. For example, through CSME (Caribbean Single Market and Economy),

businesses can operate across Caribbean member states with fewer restrictions.

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BUSINESS DEPARTMENT ALL RIGHTS RESERVED
 4. Deregulation of markets: Governments have removed certain business regulations,

allowing for more competition and encouraging businesses to expand internationally.

This also makes it easier for companies to get funding from abroad.

5. Changing consumer preferences: People now demand more foreign products,

creating new market opportunities for businesses around the world.

The Impact of Globalisation

On the Economy:

1. Increased unemployment: Small businesses might struggle to compete with larger

foreign companies, leading to job losses.

2. Depletion of local resources: To meet international demand, local resources might be

overused, especially non-renewable ones, which could harm the country’s future.

3. Opportunities for growth: Globalisation allows businesses to trade more, bringing in

foreign money and investments, which helps the economy grow.

4. Illegal activities: Open markets can also lead to the growth of illegal activities like

drug trafficking or money laundering, which can increase crime.

5. Economic vulnerability: Small Caribbean economies are sensitive to global events,

like the 2008–09 recession, which negatively affected the region.

On Government:

1. Loss of control: Globalisation may limit the ability of Caribbean governments to

fully manage their economies, as they need to follow international policies set by

organisations like the World Bank and the IMF.

2. Increased responsibility: Governments must create policies to deal with the negative

effects of globalisation, which can put pressure on the economy.

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 3. Struggles with multinationals: Large multinational corporations (MNCs) may grow

too powerful for governments to control, possibly avoiding taxes or not following

local labour laws.

Government’s Role:

1. Create the right environment: The government must improve infrastructure, reduce

crime, and make it easier for businesses to operate to attract global companies.

2. Develop legal frameworks: The government needs to create laws to protect

consumers and regulate overseas businesses to ensure they don’t exploit local

resources or people.

On Consumers:

1. More choices: Consumers now have access to a wide variety of foreign products,

often through online shopping.

2. Better quality and prices: Competition from foreign businesses forces local

companies to improve their products and lower prices.

3. Employment: Globalisation can create jobs as multinational companies set up

operations in the Caribbean.

4. Changes in lifestyle: As foreign products become more available, people may adopt

new eating habits, fashion trends, and other lifestyle changes.

5. Risk of low-quality products: Some multinational companies may offer lower-

quality products in countries with fewer regulations, so consumers must demand

better standards.

Impact on Domestic Businesses

1. Increased competition: Local businesses face stronger competition from foreign

companies, especially since many Caribbean businesses are small and underfunded.

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 2. Economies of scale: Expanding globally can help businesses lower their production

costs and offer cheaper products.

3. Access to better technology: Globalisation gives local firms access to advanced

technology, boosting productivity and reducing production costs.

4. New market opportunities: Businesses can choose to set up in other countries to

take advantage of cheaper labour and higher sales.

5. E-commerce growth: The internet allows businesses to sell their products online,

expanding their reach.

6. Pricing challenges: Foreign companies may sell products cheaper than local firms,

forcing domestic businesses to lower their prices and potentially lose profit.

7. Quality standards: Caribbean businesses must meet international quality standards to

compete in global markets, such as through certifications like ISO.

Protectionism: Protecting Caribbean Businesses

To protect local businesses from foreign competition, Caribbean governments sometimes use

protectionism. Protectionism refers to attempts by the government of a country to restrict the

importation of goods and services. Protectionism may be placed on the importation of foreign

goods and services in order to:

1. Prevent dumping: Stop foreign companies from flooding the market with cheap

products that harm local businesses.

2. Reduce unemployment: By protecting local businesses, governments can help keep

jobs.

3. Help small industries: New businesses are given time to grow before facing

international competition.

4. Fix trade imbalances: Governments limit imports to reduce the difference between

how much they buy from and sell to other countries.

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BUSINESS DEPARTMENT ALL RIGHTS RESERVED
Types of Protectionism:

1. Tariffs: Taxes on imported goods to make them more expensive and encourage

people to buy local.

2. Quotas: Limits on how much of a product can be imported.

3. Embargoes: A complete ban on trade with certain countries.

4. Export subsidies: Government support for local businesses to help them compete

with foreign imports.

5. Exchange controls: Limits on foreign currency to reduce the number of imported

goods.

Governments may also use:

 Rules and regulations

 Import licences

 Voluntary export restraints (VER): Agreements to limit the amount of goods

exported to another country.

Contents will also be taken from this textbook:

Management Of Business For Cape® Examinations by Jerome Pitterson (Pages 39-55).

Procedures:
Day 1: Introduction to Globalisation
Engage: The teacher shows a short video clip on how global brands (e.g., Nike, McDonald's)
operate in different countries. Students discuss whether they use products from these brands
and how it connects to globalisation.
Explore: Students brainstorm in small groups what they think globalisation means and its
possible effects on their daily lives.
Explain: The teacher defines globalisation, highlighting its characteristics and factors driving
it, such as technological advances and trade liberalisation.
Elaborate: Students analyze a map showing trade routes and global partnerships. They
discuss the benefits and challenges of these networks.

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Evaluate: Students complete a short quiz on the definition and drivers of globalisation to
assess understanding.

Day 2: The Impact of Globalisation on the Caribbean Economy

Engage: The teacher presents a case study on a Caribbean business that expanded
internationally, such as GraceKennedy.
Explore: Students, in pairs, discuss the opportunities and challenges of globalisation for
Caribbean businesses.
Explain: The teacher discusses the impact of globalisation on the economy, government,
consumers, and domestic businesses in the Caribbean.
Elaborate: Students create a table categorizing the positive and negative effects of
globalisation based on what they learned.
Evaluate: Students write a reflective paragraph on whether globalisation has more benefits or
drawbacks for Caribbean economies.

Day 3: Trade Liberalisation and Its Role in Globalisation

Engage: The teacher uses a timeline to show the evolution of trade liberalisation in the
Caribbean, including CARIFTA, CARICOM, and the CSME.
Explore: Students work in groups to research the purpose and outcomes of trade
liberalisation agreements in the region.
Explain: The teacher explains trade liberalisation, focusing on the removal of trade barriers
like tariffs and its role in globalisation.
Elaborate: Students simulate a trade negotiation between Caribbean countries, considering
the pros and cons of liberalisation.
Evaluate: Each group presents their negotiation outcomes, justifying their decisions and
linking them to the principles of trade liberalisation.

Day 4: Protectionism – The Concept and Its Rationale

Engage: The teacher asks students to think about why governments might limit imported
goods in their countries.
Explore: Students investigate examples of protectionist policies used by Caribbean
governments (e.g., tariffs on imported goods).
Explain: The teacher explains protectionism, its purpose, and common tools such as tariffs,
quotas, and subsidies.
Elaborate: Students create a poster showing the advantages and disadvantages of
protectionism for local businesses and consumers.
Evaluate: The class votes on the most effective tool of protectionism, and students justify
their choices in writing.

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Day 5: Case Study Analysis – Globalisation and Protectionism
Engage: The teacher shares a real-world example of a Caribbean business affected by
globalisation or protectionism.
Explore: Students analyze the case study in small groups, identifying the main issues and
outcomes for the business.
Explain: The teacher facilitates a discussion on the key findings of the case study, linking
them to globalisation and protectionism concepts.
Elaborate: Students role-play as policymakers, proposing solutions to balance globalisation's
benefits with protectionism's needs.
Evaluate: Groups present their solutions, and the class votes on the most viable policy
recommendation.

Day 6: Pros and Cons of Globalisation

Engage: The teacher presents a debate statement: "Globalisation benefits the Caribbean more
than it harms it."
Explore: Students work in two teams (pro and con) to research evidence supporting their
stance.
Explain: Each team presents their arguments during a structured debate, with the teacher
clarifying points as needed.
Elaborate: The class creates a Venn diagram comparing the benefits and challenges of
globalisation.
Evaluate: Students write an individual essay on whether they agree or disagree with the
debate statement, providing examples.

Day 7: Protectionism vs. Free Trade

Engage: The teacher uses a quick poll to gauge students’ opinions on whether free trade or
protectionism is better for the Caribbean.
Explore: Students examine articles or reports comparing the outcomes of free trade and
protectionism in the region.
Explain: The teacher explains the relationship between free trade, protectionism, and
economic development, using examples.
Elaborate: In pairs, students draft a policy brief recommending either free trade or
protectionism, supported by data.
Evaluate: Students present their briefs to the class, and the teacher provides feedback on
their reasoning and evidence.

Day 8: Summative Evaluation and Reflection

Engage: The teacher uses a quiz to review key concepts from the past seven days.
Explore: Students revisit their earlier group projects and reflect on their understanding of
globalisation and protectionism.
Explain: The teacher provides a summary of the main topics covered, emphasizing their
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relevance to real-world business decisions.
Elaborate: Students create a concept map linking globalisation, trade liberalisation, and
protectionism, including examples from the Caribbean.
Evaluate: Students complete a final written assessment analyzing a case study on
globalisation and protectionism, addressing all objectives.

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BUSINESS DEPARTMENT ALL RIGHTS RESERVED