Globalisation, Development and Global Inequality
Evaluating deeper cross-border integration, multinational activity, migration, capital flows, development constraints and the distribution and sustainability of global change.
How to study A-level Economics
Define the issue and affected agents, choose an appropriate model, build the causal chain with data, then evaluate assumptions, trade-offs and alternatives before judging.
Core concepts
Concept 1
Globalisation increases selected flows of goods, services, capital, people, data and production across borders.
Exam cue: Specify the channel of globalisation and the affected stakeholder or economy.
Concept 2
Economic growth, economic development and human welfare overlap but are not identical.
Exam cue: Use recent indicators that match the claimed dimension of development.
Concept 3
Institutions, infrastructure, human capital, geography, finance, trade and governance interact in development outcomes.
Exam cue: Evaluate short- and long-run effects, distribution, resilience and environmental constraints.
Risk pitfalls and guardrails
Treating globalisation as one single measurable process.
Guardrail: Do not substitute a memorised diagram or generic advantage until you have identified the determinant, mechanism, affected agents and time horizon.
Using income per person as a complete measure of development.
Guardrail: Do not substitute a memorised diagram or generic advantage until you have identified the determinant, mechanism, affected agents and time horizon.
Assuming foreign investment always creates the same domestic benefits.
Guardrail: Do not substitute a memorised diagram or generic advantage until you have identified the determinant, mechanism, affected agents and time horizon.
Memory anchors
Globalisation
Globalisation is increasing cross-border integration through flows, rules, technology and production networks.
Economic Growth
Economic growth is an increase in an economy's real output over time.
Economic Development
Economic development is broader improvement in capabilities, welfare and economic structure.
Foreign Direct Investment
FDI gives an investor a lasting interest or influence in an enterprise in another economy.
Development Indicator
A development indicator measures one defined dimension and should be interpreted with complementary evidence.
Checkpoint rule
Do the check-up only after you can summarize each concept in one sentence and identify one dangerous pitfall from memory.
Knowledge Check (after reading)
Short check-up to confirm understanding of this module.
Check-up Questions
What is economic globalisation?
Which change has strongly enabled globalisation?
Answer all questions to submit.
Next step personalized recommendations
Continue learning
Move forward only after this module is stable.
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