4.1.1
Growing economies
Compare UK growth with emerging economies, examine growing economic power, and interpret implications for trade, employment patterns and indicators of growth and development.
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Topic 4.1
Globalisation
Explore how markets and production have become internationally connected. Compare growth in the UK and emerging economies, and examine how trade, specialisation and foreign direct investment can support business growth. Then assess the forces driving globalisation and the effects of protectionism and trading blocs.
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Relevant earlier lesson for Topic 4.1
Topic 4.1 uses economic growth, which was introduced through the business cycle in Theme 2. The lesson below is optional supporting revision because Topic 4.1 teaches the growth ideas you need on its own.
Economic growth over time
This link is optional supporting revision. Opening the earlier lesson does not change your Topic 4.1 completion.
40 min
4.1.2
International trade and business growth
Exports and imports, specialisation and competitive advantage, and foreign direct investment as a route to business growth.
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4.1.3
Factors contributing to increased globalisation
Trade liberalisation, political change, cheaper transport and communication, transnational companies, investment flows, migration, the growing global labour force and structural change.
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4.1.4
Protectionism
Tariffs, import quotas, other trade barriers such as legislation, and government subsidies to domestic producers.
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4.1.5
Trading blocs
The expansion of trading blocs, including the EU and its single market, ASEAN and NAFTA, and their impact on businesses inside and outside them.
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