Globalisation | Edexcel A-Level Business (9BS0)
Globalisation
- 107 questions
- 5 subtopics
- Theme 4: global business
- Paper 1 and Paper 3
Globalisation opens Theme 4 and is examined on Paper 1.
It covers why some economies are growing so fast, what a country gains from trading, the changes that made the world more connected, and the tariffs, quotas and trading blocs that push the other way.
Sample questions from Globalisation
Answer each one closed book first, then open the answer.
-
Growing economies
How does economic growth affect the sectoral distribution of employment?
Show the answer
Workers shift from primary sector activities towards secondary and tertiary sectors as economies develop. -
Growing economies
Name two health indicators used to measure population wellbeing.
Show the answer
Life expectancy and infant mortality rates. -
International trade and business growth
How can focused production through specialisation lead to competitive advantage?
Show the answer
Concentrated production enables economies of scale, reducing average costs as output increases. -
International trade and business growth
Explain how FDI can reduce production costs for a business.
Show the answer
Investing abroad provides access to cheaper labour or raw materials, lowering overall production costs. -
Factors contributing to increased globalisation
Explain how reduced transport costs have contributed to globalisation.
Show the answer
Containerisation, larger cargo ships, and more efficient logistics have made international trade economically viable for a wider range of goods. -
Factors contributing to increased globalisation
How do increased FDI flows contribute to globalisation?
Show the answer
By transferring capital, technology, and expertise between countries and integrating national economies. -
Protectionism
Do import quotas generate direct government revenue?
Show the answer
No, import quotas do not generate direct government revenue unlike tariffs. -
Protectionism
What is protectionism?
Show the answer
Government policies that restrict international trade to shield domestic industries from foreign competition.
The 5 subtopics
One subtopic is one session. Work down the list.
| Subtopic | What it covers | Questions |
|---|---|---|
| Growing economies | Why emerging economies grow faster than the UK, the factors behind growth in Asia and Africa, the trade opportunities and employment changes growth brings, and GDP per capita, literacy, health and the Human Development Index as indicators. | 23 |
| International trade and business growth | Exports, imports and the balance of trade, specialisation and competitive advantage, and inward and outward FDI, its benefits and its forms, including greenfield investment, acquisitions and joint ventures. | 22 |
| Factors contributing to increased globalisation | Trade liberalisation and trading blocs, political change in Eastern Europe and China, reduced transport and communication costs, the growth of transnational corporations and FDI, migration and the global labour force, and structural change. | 21 |
| Protectionism | Tariffs, import quotas, government legislation and other non-tariff barriers, domestic subsidies in their different forms, and how tariffs and quotas differ in the way they restrict trade and whether they raise revenue. | 19 |
| Trading blocs | The EU single market and its free movement, internal tariffs and the common external tariff, ASEAN and NAFTA, how blocs expand, and the effects on businesses inside and outside them, including trade diversion and trade creation. | 22 |
How the guide is worked
Answering a question from memory stores it far better than reading the answer again. The guide runs that as a fixed procedure on one subtopic at a time, about twenty minutes a session.
-
Step 1 · Closed book
Cover the answers. Work through one subtopic and write down what you can. Leave blanks where you have nothing.
-
Step 2 · Open book
Go back to the top. Read each printed answer and write it out in full, including the ones you had right.
-
Step 3 · Closed book again
Same questions, same order, from memory. The gap between pass one and pass three is the session result.
Read the full method, the return schedule and the research behind it.
Nearby topics
Edexcel A-Level Business Active Recall Guide
Every topic, not just this one. 2,305 questions with their answers.