Edexcel A-Level Geography 9GE0
Tectonic Processes and Hazards
Glaciated Landscapes and ChangeLandscape
Coastal Landscapes and ChangeLandscape
Globalisation
Regenerating PlacesPlaces
Diverse PlacesPlaces
The Water Cycle and Water Insecurity
The Carbon Cycle and Energy Security
Superpowers
Health, Human Rights and InterventionConnections
Migration, Identity and SovereigntyConnections
Globalisation
Political and economic decision making in globalisation
- 3 things to know
- Papers 2 and 3
Overview
Recall questions on the WTO, IMF and World Bank, free trade, privatisation, special economic zones and China's Open Door policy.
What you need to know
Answer each one before you reveal it.
Define free-market liberalisation.
What is the main role of the World Trade Organization (WTO) in promoting globalisation?
Questions from this subtopic
Each one with the model answer underneath.
- 1
What is the main role of the World Trade Organization (WTO) in promoting globalisation?
Model answer
The WTO promotes free trade policies and works to reduce barriers to international commerce.
- 2
How does the International Monetary Fund (IMF) contribute to globalisation?
Model answer
The IMF provides financial stability, offers loans to countries in economic difficulty, and promotes policies that encourage international trade and investment.
- 3
In what ways does the World Bank support globalisation?
Model answer
The World Bank provides loans and grants for development projects and promotes foreign direct investment in developing countries.
- 4
Define foreign direct investment (FDI).
Model answer
FDI is investment made by a company or individual in one country into business interests in another country, typically involving establishing operations or acquiring assets.
- 5
What distinguishes FDI from other forms of international investment such as portfolio investment?
Model answer
FDI involves establishing business operations or acquiring assets in another country, giving the investor direct control, rather than simply purchasing shares or bonds.
- 6
What are free trade policies and what do they aim to achieve?
Model answer
Free trade policies remove tariffs, quotas and other barriers to allow goods and services to move across borders with minimal government intervention.
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