Evaluate the possible factors contributing to globalisation
Edexcel A-Level Economics 25 Mark Question
In 2020, exports as a share of world GDP were 12% higher than in 2000, almost twice as high as 50 years ago. Evaluate the possible factors contributing to globalisation. (June 2024)
Plan
- Paragraph 1
- Argument: one factor that has contributed to globalisation is a reduction in tariffs (trade agreements)
- Diagram: tariff removal diagram
- Evaluation: however, increased free trade can have a negative impact on some countries e.g. structural unemployment/over-dependence on primary products
- Paragraph 2
- Argument: another factor that has contributed to globalisation is the improvement in transport and communications
- Diagram: comparative advantage diagram
- Evaluation: however, there are many assumptions in the comparative advantage model e.g. environmental damage
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