Exam-style question
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Evaluate the impact of globalization on local economies, using specific examples to support your argument.
Model answer
What a good answer should say
- Globalization can lead to both positive and negative impacts on local economies.
- For instance, while it can create job opportunities and increase foreign investment, it can also result in the loss of local businesses and cultural identity.
- An example is the rise of multinational corporations in developing countries, which may exploit local resources without providing adequate benefits to the local population.
Explanation
Why this works
The evaluation should consider both sides of globalization's impact, highlighting the complexity of its effects on local economies.
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