Essay questions on globalisation
Evaluate reasons why globalisation may lead to an increase in income inequality within a country. Refer to a country of your choice in your answer.
Evaluate the likely benefits to a developing country of joint ventures between local businesses and transnational companies as a means of promoting economic development.
Evaluate whether the benefits of globalisation outweigh the costs. Refer to a country of your choice in your answer.
Evaluate factors that have contributed to increased globalisation in the last 50 years. Refer to examples of countries in your answer.
Data response questions on globalisation
Case study: The global economy
In 2020 the value of world exports was $22.5 trillion. With reference to Figure 1, calculate the value of world GDP in 2020. You are advised to show your workings.
Case study: The global economy
With reference to Figure 1 and the first paragraph of Extract A, examine two factors that contributed to 'increased globalisation'.
Case study: The global economy
Explain what is meant by 'protectionist policies'. (Extract A, line 14)
Case study: The global economy
With reference to the third paragraph of Extract A, analyse two roles of the World Trade Organization (WTO).
Case study: The global economy
With reference to the information provided and your own knowledge, discuss the likely economic benefits to China of signing free-trade agreements with other countries.
Case study: The economy of Vietnam
With reference to Figure 1 and the second paragraph of Extract A, calculate the value of FDI in Vietnam in 2023. You are advised to show your working.
Case study: The economy of Vietnam
Explain what is meant by 'absolute poverty' (Extract A, lines 10 and 11).
Case study: The economy of Vietnam
With reference to Figure 2 and Extract A, examine two likely economic benefits to Vietnam of FDI inflows.
Case study: The economy of Vietnam
With reference to the information provided and your own knowledge, discuss measures, apart from promoting FDI, that the Government of Vietnam might take to increase the country's international competitiveness.
Case study: Inflation and labour markets in developed economies
Between Q1 2020 and Q4 2021 the average annual rate of inflation in New Zealand increased from 2.5% to 5.4%. Calculate the change in the rate of inflation between Q1 2020 and Q4 2021. You are advised to show your working.
Case study: Inflation and labour markets in developed economies
With reference to Figure 1 and the first paragraph of Extract A, analyse two causes of the increase in the rate of inflation.
Case study: Inflation and labour markets in developed economies
Explain what is meant by 'monetary policy instruments' (Extract A, line 9).
Case study: Inflation and labour markets in developed economies
Examine two 'problems facing central banks when applying monetary policies to reduce the rate of inflation' (Extract A, lines 11-12).
Case study: Inflation and labour markets in developed economies
With reference to Extract B, discuss how demographic factors may constrain economic growth of developed economies.
Case study: The economy of Taiwan
With reference to Figure 1, calculate the index number for international visitors to Taiwan from China in 2019, using 2015 as the base year. You are advised to show your working.
Case study: The economy of Taiwan
Analyse two reasons why 'Taiwanese firms moved to China to set up their manufacturing facilities' (Extract A, lines 4-5).
Case study: The economy of Taiwan
With reference to the information provided and your own knowledge, examine two likely problems arising from the fall in the number of Chinese tourists to Taiwan.
Case study: The economy of Taiwan
Discuss policies, apart from tourism, being implemented by the Taiwanese Government to reduce its dependence on China.
Multiple choice questions
- A-level Unit 4, January 2025, Q1
Which one of the following strategies could promote economic development in Chad?
- A-level Unit 4, June 2024, Q3
Which one of the following is the most likely reason why the UK Government maintained these tariffs until 2024?
- A-level Unit 4, January 2024, Q3
Ceteris paribus, which one of the following is the most likely reason for this increase in the EU's capital and financial account surplus?
- A-level Unit 4, January 2024, Q4
Ceteris paribus, which one of the following is a possible cost of globalisation on the global economy?
- A-level Unit 4, October 2022, Q1
Which one of the following interventionist strategies could stimulate economic development in Mali?
