Globalisation will have an equally beneficial effect on the standard of living in both high-income and low-income countries. Evaluate this statement.

Economics

IGCSE&ALevel

CAIE

Exam No：9708_s25_qp_42 Year：2025 Question No：5

Answer:

11.3.3.1 monetary indicators including real per capita national income statistics (GDP, GNI, NNI) and purchasing power parity

11.3.3.2 issues of comparison using monetary indicators

11.3.3.3 non-monetary indicators

11.3.3.4.1 Human Development Index (HDI)

11.3.3.4.2 Measure of Economic Welfare (MEW)

11.3.3.4.3 Multidimensional Poverty Index (MPI)

11.3.3.5 the Kuznets curve

11.3.4.1 over time

11.3.4.2 between countries

11.5.3.1 definition of MNC

11.5.3.2 activities of MNCs

11.5.3.3 consequences of MNCs

11.5.4.1 definition of FDI

11.5.4.2 consequences of FDI

11.6.1 meaning of globalisation and its causes and consequences

6.2.3 arguments for and against protectionism

8.2.2 difference between equity and efficiency

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