How Does the Economy of a Globalised World Function in Different Places?

Globalisation

How does the economy of a globalised world function in different places?

Globalisation means the greater integration of the global economy. Can you list four ways that this integration has happened over the last 30 years?

What does this model show?

Describe how employment changes as countries undergo economic development? …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

Give an example of a country at each stage of development and try to describe their employment structure.

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What role do global institutions play in creating a more globalised economy?

Point… / Explanation… / Development…
Global Institution / Role it plays / How does it increase globalisation and improve trade?
World Trade Organisation / Promotes free trade by persuading countries to reduce or remove trade barriers like taxes, tariffs and quotas / The banana wars are an example of WTO activity, with tariffs on big banana companies in Latin America in order to promote smaller producers of Caribbean
International Monetary Fund / Gives loans to developing countries for infrastructure and encourages countries to allow foreign investment to create new jobs / China…
Transnational Corporations / Aim to reduce costs and increase profits by moving factories to cheaper locations this creates new jobs in developing countries / Nike/Dyson..

What role do global institutions play in creating a more globalised economy (6 marks)

Firstly, ......

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Secondly, …………………………………………………………………………………………………………

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Thirdly, …………………………………………………………………………………………………………

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To conclude, most important reason is …………………………………………………………………………………………………………

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Evaluate the impact of Globalisation on different groups of people? (Complete the table)

Person / Role 30 years ago / What Change has occured and how it has affected group
London City worker / Most top jobs taken by men. TNC’s and financial sector has grown massively with some top executives now earning 3000% more than in 1980. / Women still losing out in this sector.
Male steelworker UK / Previously employed in a booming industry. Well paid work.
Young educated Bangalore / Previously Bt call centres were located in the UK the pay was minimum wage and the jobs were carried out mainly by women.
Female workers Dhaka / Many low priced clothes made here. Women work up to 80 hours a week in very poor conditions earning £12 a week

Evaluate the impact of Globalisation on different groups of people? (6marks)

Firstly, ......

Secondly, …………………………………………………………………………………………………………

Thirdly, …………………………………………………………………………………………………………

To conclude, most important reason is …………………………………………………………………………………………………………

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What changes have taken place in the flow of goods and capital?

Give 4 reasons why international trade has increased in the last 50 years.

TNC- Service Sector- BT

Sector / Countries / How they operate here / What affect has this had on the country (SEEP)
Headquarters / UK
Other offices / Germany
Outsourcing / India

TNC- Manufacturing sector- NIKE (or Dyson)

Sector / Countries / How they operate here / What affect has this had on the country (SEEP)
Headquarters / USA
Sales
Outsourcing/ manufacturing

Using examples of named TNC’s explain how they have expanded their global business? (6 marks)

Firstly, ......

Secondly, …………………………………………………………………………………………………………

Thirdly, …………………………………………………………………………………………………………

To conclude, most important reason is …………………………………………………………………………………………………………

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