WorksheetsEdexcel Globalisation EQ1
Total questions: 20
Worksheet time: 10mins
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
The KOF index is comprised of a number of different factors including economic and political globalisation. What is the third factor it uses?
Cultural globalisation
Environmental globalisation
Social Globalisation
Membership of trade blocs
The AT Kearney Index uses four different factors to produce its results. Political engagement, economic integration, personal contact and what...?
Social integration
Environmental regulations
Technological connectivity
Neo liberalism indices
In 2015 the UK attracted significant FDI, making it the ______ largest recipient of FDI that year at a global scale.
9th
4th
2nd
12th
Which UK initiative did the relaxation of Sunday trading laws particularly encourage?
Privatisation
Encouraging business start ups
Economic re-structuring
Free market liberalisation
What does NAFTA stand for?
North Atlantic Freed Trade Association
North American Free Trade Agreement
North American Free Trade Association
North Atlantic Foreign Trade Action
NAFTA is an agreement between which countries?
USA, Canada, UK
USA, Canada
USA, Mexico, Canada, UK
USA, Mexico, Canada
Due to containerisation, how many container movements take place each year on average?
500 million
100 million
200 million
300 million
When a country uses subsidies, tariffs and quotas to protect domestic industry they are implementing what?
Trade protectionism
Nationalism
Economic censorship
Offshoring
In 2016 Chinese__________ flooded global markets at very low prices, causing many UK companies to close.
Aluminium
Labour
Coal
Steel
What proportion of the world's GDP do the countries measures by the AT Kearney index generate?
84%
53%
96%
75%
