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Globalisation

Globalisation. A2 Economics – Unit 4. Globalisation. The ever increasing integration of the world’s local, regional, and national economies into a single international market. Economic Integration. Free trade across national boundaries of goods and services

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Globalisation

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  1. Globalisation A2 Economics – Unit 4

  2. Globalisation • The ever increasing integration of the world’s local, regional, and national economies into a single international market

  3. Economic Integration • Free trade across national boundaries of goods and services • Free movement of labour between countries • Free movement of capital between countries • Free interchange of technology and intellectual capital between countries

  4. Videos – History of globalisation A2 Economics\Globalization I - The Upside- Crash Course World History.mp4 A2 Economics\Globalization II - Good or Bad- Crash Course World History.mp4

  5. http://www.youtube.com/watch?v=t_szIfpjzxU Documentary – Globalisation is good

  6. Causes of Globalisation • Trade liberalisation • Reduced communication costs • Transnational companies • Improved transport/infrastructures • Global trading blocks (EU, NAFTA) • Reduced tariff barriers (with support of WTO)

  7. Effects of Globalisation • Reduced poverty? Absolute or relative? • Specialisation/Comparative advantage • Economic growth • Higher GDP per capita But........ • Inequality • Inflation • Environment? • Culture?

  8. Homework Due by Monday 1st July Research – What is the economic cycle? - Keywords - What are the key parts of this cycle?

  9. Question Assess the effect of globalisation on inequality in the world economy (20 marks)

  10. Further Reading Causes of Globalisation Effects of Globalisation Effects of Globalisation on China Effects of Globalisation on the UK economy

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