Edexcel A Level Economics B
Edexcel A Level Economics B 3.4 Impact of Globalisation on Local and National Economies Exam Questions
Free Edexcel A Level Economics B exam questions on 3.4 Impact of Globalisation on Local and National Economies, with mark schemes. Covers the effects of globalisation on workers, firms, governments and the environment.
3.4 Impact of Globalisation on Local and National Economies exam questions
1 question pack of real past exam questions with its mark scheme. Answer every question without notes, then mark your answers line by line against the mark scheme.
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A Level Economics Flashcards
Every answer is written in mark scheme wording, so you learn exactly what examiners give marks for. Pick your exam board, then test yourself with the questions on this page.
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About Edexcel A Level Economics B 3.4 Impact of Globalisation on Local and National Economies
3.4 evaluates who gains and who loses from globalisation. Essay questions expect balanced arguments using real examples.
What you need to know
- Impact on workers New jobs in export industries but job losses in uncompetitive industries and pressure on wages.
- Impact on firms Bigger markets, cheaper inputs and economies of scale, but more competition.
- Impact on governments Pressure to compete on tax, difficulty taxing multinationals and loss of policy control.
- Impact on the environment More transport and production emissions, but also the spread of cleaner technology.
Common mistakes in 3.4 Impact of Globalisation on Local and National Economies
- Writing one-sided answers that only list benefits.
- Ignoring differences between developed and developing economies.
- Not using examples from the extract.
Try three 3.4 Impact of Globalisation on Local and National Economies exam-style questions
1. Explain one way globalisation can lead to structural unemployment in the UK. (3 marks)
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Manufacturing moves to countries with lower labour costs (1), so UK factories close (1), and workers lack skills for new industries, causing structural unemployment (1).
2. Explain one benefit of globalisation for developing countries. (2 marks)
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Foreign direct investment brings capital, jobs and technology (1), raising incomes and growth (1).
3. Explain one environmental cost of globalisation. (2 marks)
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Increased trade raises transport emissions (1), contributing to climate change (1).
3.4 Impact of Globalisation on Local and National Economies FAQs
What does Edexcel A Level Economics B 3.4 cover?
The effects of globalisation on local and national economies, workers, firms, governments and the environment.
How should I evaluate globalisation?
Consider who gains and loses, the short and long run, and differences between countries and industries.
What examples work well?
Offshoring of manufacturing, multinational tax avoidance and the growth of emerging economies such as China.
Revise this topic with flashcards: A Level Economics Flashcards, with mark scheme answers for Anki and Quizlet.
