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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.

Your recallNot started
Process

How does the International Monetary Fund (IMF) contribute to globalisation?

Key term

Define free-market liberalisation.

Key term

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. 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. 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. 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. 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. 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. 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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Globalisation

Cram a whole paper in one sitting

Sort every topic into what you know and what you do not, then drill only the weak ones.

The British Raj in .
IndiaChinaFrance

Blank Blitz makes facts automatic

Rapid timed gap-fills on the terms and numbers you need to recall without thinking.

AAbout 95% of the park is designated wilderness with strict protection.
BThe valley allows roads, hotels and climbing.
CThe Hetch Hetchy valley was dammed in 1923 to supply San Francisco.

Build It gets the exam shape right

Assemble a full-mark answer from its marking points, in the order an examiner wants them.

Erosion means removal of material by marine processes.
TrueFalse

Test It catches misconceptions

Spot the fault in a statement. The traps are the mistakes students actually make.

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Brain Breaks between sessions

Short focus games to reset attention, so the next set lands better than the last.

Every question in Globalisation, on a schedule.

Attempt a question from memory, write the correct version, then attempt it again. Levo records the jump between your first attempt and your last, and brings each question back on the day you are due to forget it.

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