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Globalisation, free trade and protection
Understand the concept of globalisation.
6
Objectives
60
Flashcards
42
Questions
90 min
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CambridgeIGCSEEconomicsInternational trade and globalisation
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Globalisation, free trade and protection outcomes6 objectives
- Understand the concept of globalisation.
- Examine the function of multinational corporations (MNCs) and the advantages and disadvantages they bring to both their home and host nations.
- Identify the advantages of free trade for consumers, producers, and economies across different countries.
- Explore various protection methods such as tariffs, import quotas, subsidies, and embargoes.
- Discuss the reasons for implementing protectionist measures, including considerations for infant industries, declining sectors, strategic industries, and preventing dumping.
- Analyze the effects of protectionist policies and their implications for the home country and its trade partners.
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