Edexcel IGCSE Economics 2.2.1.c Impacts of Globalisation & Global Companies

Edexcel IGCSE Economics syllabusEconomics 4EC1First assessment 2019

Practise analysing how globalisation affects consumers, producers, workers, governments, living standards and the environment.

How this is tested

analyse consumer gains through wider choice, lower prices and cheaper communication
apply producer benefits such as larger markets, scale economies or foreign investment to data
evaluate costs including traditional-industry closure, worker impacts and environmental damage

[Maximum number: 12]

Figure 5 shows the population of Ghana and the number of people employed on small cocoa farms in Ghana in 2024.

Figure 5

With reference to the data above and your knowledge of economics, evaluate the possible benefits of globalisation for cocoa farmers in Ghana.