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Pearson Edexcel IAL Economics

Unit 3: Business Behaviour

Unit 4: Developments in the Global Economy

4.3.1 - Causes and effects of globalisation

4.3.1.1a - Increase in trade as a proportion of GDP. globalisation

4.3.1.1b - Increase in importance of transnational companies (TNCs) and foreign direct investment

4.3.1.1c - Increase in migration

4.3.1.2a - Factors contributing to increased globalisation in the last globalisation 50 years: •

4.3.1.2b - FDI by TNCs: • reasons for FDI • the impact of FDI on recipient countries

4.3.1.3a - Possible benefits of globalisation: globalisation • increased economic growth •

4.3.1.3b - Possible costs of globalisation: • displaced workers • exploitation of workers •

4.3.2 - Trade and the global economy

4.3.3 - Balance of payments, exchange rates and international competitiveness

4.3.4 - Poverty and inequality

4.3.5 - The role of the state in the macroeconomy

4.3.6 - Growth and development in developing, emerging and developed economies

Assessed quantitative skills

A-Level/Edexcel/Economics//A2/Concept/Unit 4: Developments in the Global Economy/4.3.1 - Causes and effects of globalisation/4.3.1.1c - Increase in migration

Unit 4: Developments in the Global Economy

Syllabus: 2018
Section: —
Level: A2

Exam analysis

Most tested topics

Causes and effects of globalisation
Trade and the global economy
Balance of payments, exchange rates and international competitiveness
Poverty and inequality
The role of the state in the macroeconomy
Growth and development in developing, emerging and developed economies