11.6 Globalisation

Evaluate whether the presence of multinational companies (MNCs) in low-income countries is always beneficial. [20]

A free trade area gains all the benefits associated with joining a customs union while avoiding all the costs associated with being a member of a customs union.

Evaluate this statement. [20]

In recent years many countries have joined or established a free trade area (FTA).

Evaluate, with the help of a diagram(s), whether membership of an FTA is always beneficial to a country. [20]

Some high-income countries have introduced a policy of high tariffs on some imports to reduce the negative effects of globalisation on their economies.

With the help of a diagram, evaluate this policy. [20]

Evaluate the likely impact of globalisation on a low-income country's standard of living. [20]

Globalisation will help to achieve economic growth in high-income economies and this will automatically improve living standards.

Evaluate this statement. [20]

To what extent do you agree with the view that globalisation benefits high-income countries at the expense of low-income countries? [20]

The presence of multinational corporations (MNCs) in a low-income country always promotes economic growth in that country.

Evaluate this statement. [20]

Assess the impact of globalisation on the standard of living in low-income countries. [20]