Globalisation…. What is globalisation?

Definition of globalisation ‘The ability to produce any goods (or service) anywhere in the world, using raw materials, components, capital and technology from anywhere, sell the resulting output anywhere, and place the profits anywhere.’

Research…. Find out the difference between developed economies and emerging economies…. And some examples?

What can you draw from this?

Choose a country in your pairs and research what has caused them to grow so quickly… China Japan India Brazil

Implications of economic growth for businesses Glocalisation Growth into new markets (what do we sell well? – fashion, culture, education, cars, foods, financial services) More competition?

Implications of economic growth for individuals

Indicators of Growth GDP Measure of the market value of all final goods and services produced in a period (quarterly or yearly). Real GDP per capita takes into account the average GDP per person in the economy.

Indicators of Growth Purchasing power parity Adjusting the GDP figure in line with known differences in the cost of living. Usually the cost of living in a poor country is well below that of a rich one – PPP helps you make comparisons

Indicators of Growth Literacy

Indicators of Growth Health Males: 2009

Indicators of Growth Human Development Index (HDI) The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income per capita indicators, which are used to rank countries into four tiers of human development.