Edexcel A-Level Economics A2 4.3.1 3a Possible Benefits of Globalisation Globalisation Increased Economic Growth Topic Practice

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Pearson Edexcel IAL Economics

Unit 3: Business Behaviour

3.3.1 - Types and sizes of businesses

3.3.2 - Revenue, costs and profits

3.3.3 - Market structures and contestability

3.3.4 - Labour markets

3.3.5 - Government intervention

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

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