Evaluate whether the benefits of globalisation outweigh the costs
Edexcel International A-Level Economics Unit 4 October 2022
Between 1970 and 2020 growth in international trade, a key measure of globalisation, increased significantly. Evaluate whether the benefits of globalisation outweigh the costs. Refer to a country of your choice in your answer. (October 2022)
Plan
- Paragraph 1
- Argument: one advantage of globalisation is lower prices
- Diagram: removal of tariffs
- Evaluation: structural unemployment
- Paragraph 1
- Argument: another advantage of globalisation is increased output
- Diagram: comparative advantage
- Evaluation: assumptions of the comparative advantage model
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