Trade blocs - Study guides, Revision notes & Summaries

Globalization - the process through which an increasingly free flow of ideas, people, goods, services and capital leads to the integration of economies and societies How do major international institutions facilitate globalization? - help transmit information, enforce contracts/property rights, promote market competition Why is it important for political leaders and institutions to be transparent in responding to global competition? - social unrest leading to political instability, ineffect...

What are the main characteristics of globalisation? - Answer Free movement of capital and labour across International boundaries, free trade between countries and the availability of technology and intellectual capital to be used on an international scale In the last 50 years, why has the scale and pace of globalisation increased? - Answer Trade liberalisation - removal of tariffs etc. may negotiate these with WTO. WTO raised standards on global products - to increase consumer confidence...

Edexcel A level Economics Theme 4 / Edexcel A Level Economics (A) Question Paper 2 June 2023 Globalisation - CORRECT ANSWER-The process in which national economies have become increasingly integrated and interdependant Trade liberalisation Trading blocs Growth of MNCs Technological advances Greater mobility of labour and capital - CORRECT ANSWER-Causes of globalisation (5) Advantages of globalisation (5) - CORRECT ANSWER-Lower prices Benefits of trade Greater employment Large econo...

BRICS - Brazil, Russia, India, China & South Africa Indicators of growth - Statistics that show the extent to which a country is increasing in size Equation of GDP - National income/population Business specialisation - When businesses concentrate on producing specific goods Foreign direct investment - Investment made by a business from one country into the production of a business from another country Globalisation - The increased integration and interdependence ...

Globalisation Increased interdependence between countries and the rapid rate of change it brings about Factors contributing to globalisation (5) Improvements in infrastructure (Quicker, more reliable and cheaper methods enabling production) Improvements in IT and communication (Allows global operations) Trade Liberalisation (Reduces protectionism and makes trade cheaper - specialisation) International financial markets (Raising money and transferring it globally) TNCs (Low p...

Edexcel A-level Geography - Paper 3 - Advanced information Exam Questions And Answers What are the physical and environmental impacts that cause countries to remain 'switched off'? Long-distance from the economic core Wilderness areas struggle to create infrastructure Low agricultural potential Lack of resources for energy or raw materials What are the political impacts that cause countries to remain 'switched off'? Corrupt government or administration National government not ...

MIE 201 Test 1 - Questions and Answers When ABC Manufacturing buys parts and materials in large quantities and thereby obtains much better pricing and costsavings, it is utilizing _____. economies of scale The broadest indicator of international trade is the ________. balance of payments Which one of the following statements does NOT accurately describe foreign exchange rates and currency valuations? a currency is called strong relative to another when its exchange rate is lower than what is e...

Transnational corporations - Answer Businesses who operate in multiple nations, for both selling and making products or giving their services. Remittances - Answer Money sent from migrants back to their families. Interdependency - Answer Two or more parties that are reliant on one another financially, politically or otherwise. "Shrinking world" - Answer The feeling of distant places becoming increasingly closer and accessible. Foreign direct investment - Answer A fin...

Classical Era (Pre-WWI) correct answers -Mercantilism to Liberalism - Pax Britanica: British econ & polt dominance - relied on gold standard (fixed exch rate) - Emergence of free trade - Corn Laws Repealed - Cobden-Chevalier Treaty (MFN clause) - U.S. = protectionist - Trade= mainly with colonies (similar to mercantilism) Interwar Collapse correct answers - gold standard abandoned, and UK hegemony ended - 1920's: collapse of globalization - Great Depression--- world trade declin...

unit 5 submission has been marked and awarded a d1 , international business which covers btec. 5/AB.D1 Evaluate the impact of globalisation on a business. 5/B.M2 Analyse the barriers to two contrasting businesses of operating internationally. 5/A.M1 Analyse the support that is available to contrasting businesses that operate internationally. 5/B.P4 Explore the role of trading blocs on international trade. 5/B.P3 Explain the main features of globalisation that affect two contrasting bus...