IGCSE Business Studies Globalisation

LEARNING OUTCOMES: –To have an appreciation of how international trade influences an economy, its sectors, competition, growth and consumer choice – Understand how international trade creates opportunities and problems

GLOBALISATION – WHAT IS IT? The increased worldwide competition between businesses

Through… Free Trade agreements and economic unions – e.g.? Improved travel links & communications throughout the world  comparison of goods (price/quality) easier. Countries benefitting from exports

GLOBALISATION GOOD or BAD?

GOOD More choice Lower prices Increased competition  increase in efficiency and quality. Can create jobs

BAD Loss of jobs – in developed and developing nations Large corporations benefit from economies of scale  act anti- competitively and eliminate smaller competitors Free trade means no protection for the public  social problems

Research 1.Free trade agreement – why was it set up? 2.Advantages & Disadvantages and for whom? 3.What is Protectionism – give some examples also? 4.Why and how do countries do it? 5.Advantages & Disadvantages and for whom?

Plenary – on the whiteboards… What is globalisation? What is protectionism? Explain 2 ways governments can protect their economies, What opportunities does globalisation offer businesses What threats does globalisation pose to businesses