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Globalisation, free trade and protection |
INTRODUCTION:
- Define globalisation
- Evaluate the costs and benefits of multinational corporations to their host and home countries
- Evaluate the benefits of free trade for consumers, producers and the economy
- Analyse the effects of tariffs, import quotas, subsidies and embargoes
- Understand the reasons for protection
- Evaluate the effectiveness of protection and its impact on the home country and its trading partners.
GLOBALISATION:
EVALUATING MULTI-NATIONAL CORPORATIONS:
Take notes under the following headings:
EVALUATING THE BENEFITS OF FREE TRADE FOR CONSUMERS, PRODUCERS AND THE ECONOMY:
UNDERSTAND TRADE PROTECTION AND EVALUATE ITS EFFECTS ON THE DOMESTIC ECONOMY AND ITS TRADING PARTNERS:
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| protectionism_cards.docx |
| globalisation_free_trade_and_protection_37.pdf |