Being globally minded

Being globally minded

1. Write your understanding of the key concepts for this topic:

Economy 

An economy is a system of making and trading things of value. It is usually divided into goods and services. So the producers make the goods and consumers trade and buy those goods.

Trade 

Trade is the action of buying and selling goods and services. Trading is also important because it helps with economic growth, also supporting good jobs at home, raising living standards and helping people provide for their families by being able to afford goods and services.

Globalisation

Globalisation is the speedup of human beings, goods and services, capital, technology and cultural practices all over the world. Globalisation also promotes and increases interactions between different regions and populations around the world.

2. Add a report on the NZ Export Product you researched this term 

My New Zealand export product is AFFCO. AFFCO has been at the forefront of the meat industry for over 100 years, providing other countries with New Zealand's finest premium meat ever since. AFFCO was proudly owned by New Zealand in 1904. The first location for AFFCO was Southdown in MT Wellington, Auckland. The opening was described as “a carnival affair”. Then it slowly moved up north to a place called Moerewa and is still serving other countries like Germany, USA, AUS, China, Japan, Korea and South Korea Oh I also forgot to mention the United Kingdom. Fun fact: New Zealand’s first consignment of frozen meat was exported to Great Britain from port chalmers, Dunedin.The meat was frozen frozen aboard the ship. This was done in 1884.

My opinion on this export product is that it is really good because even though AFFCO is in a small town it is still providing and selling to different countries, very big countries to be exact like Germany, USA, AUS, China, Japan, Korea, South Korea and the United Kingdom.