Edexcel Globalisation EQ1

What are some positive effects of Globalisation ?

• Increased freedom to travel and immigrate,better access to medicine,information, and technology.
• Lower prices for developed countries and low paying jobs in underdeveloped countries
• Less pollution in the world
• All of the above

A disadvantage of globalisation for manufacturers in the UK would include which one of the following

• Access to wider markets

• Difficult to find workers

• Low-cost competition from overseas firms

• The spread of technology could cause local unemployment

The growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information is the...

• Multiculturalism

• International Trade

• Globalization

• Ecommerce

The comparative advantage encouraged by the globalization, brings these effects to the society:

• Promotes economic growth

• Lowers prices of goods and services

• Makes production more efficient

• All of the above

The common practice among TNCs of moving low-skilled work abroad to places where labour costs are low, whilst higher income and senior managers remain in their HQ countries is known as what...

• Interdependency

• Spatial division of labour

• Neo liberalism

• Capital restructuring

The growth of trading blocs such as the EU and NAFTA can be categorised as what?

• Economic globalisation

• Free trade economics

• Political globalisation

• Foreign direct investment

The International Monetary Fund often lends money with strict financial conditions that allow private companies access to invest / take ownership of key infrastructure projects in lower income countries. This arrangement is also known as....

• Debt cancellation

• International protectionism

• Privatisation facilitation

• Structural Adjustment Program

Some TNC's such as Starbucks and Amazon have sometimes channeled profits through subsidiary companies in lower tax regimes. What is this also known as?

• Offshoring

• Tax evasion

• Financial Optimisation

• Transfer Pricing

What mechanism did China use heavily with its Open Door Policy to encourage FDI?

• Neo liberalism initiatives

• Set up of Special Economic Zones

• Outsourcing policy development

• Reduction of trade quotas

How many countries does the AT Kearney index measure?

• 64

• 84

• 150

• 54