To what extent do you agree with the view that globalisation benefits high-income countries at the expense of low-income countries?
Exam No:9708_w23_qp_41 Year:2023 Question No:5
Answer:




Knowledge points:
11.3.1 classification of economies in terms of their level of development
11.3.2 classification of economies in terms of their level of national income
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
11.4.1.1 measurement and causes of changes in birth rate, death rate, infant mortality and net migration
11.4.1.1 measurement and causes of changes in birth rate, death rate, infant mortality and net migration
11.4.1.2 optimum population
11.4.1.3 level of urbanisation
11.4.2.1 calculation of Gini coefficient and Lorenz curve analysis
11.4.3.1 employment composition: primary, secondary and tertiary sectors
11.4.3.2 pattern of trade at different levels of development
11.6.1 meaning of globalisation and its causes and consequences
11.6.2 distinction between a free trade area, a customs union, a monetary union and full economic union
11.6.3 trade creation and trade diversion
Solution:
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