The+Effects+of+Globalisation

Please watch these two introductory videos prior to the lesson: media type="youtube" key="AHoLUn7jhLg" width="420" height="315"

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Some of this we have already covered when we looked at the effects of MNCs and FDI.. However there are other effects to consider such as:
 * 1) Interdependence. Because countries are more integrated they can effect each other more. China's growth has been reliant on exports to the US and the Global Economic Crisis had its origins in the US and European debt crisis.
 * 2) Commodity Prices are now influenced internationally but have national and local implications. Growth in food prices hit LEDCs the most.
 * 3) Has Globalisation led to LEDCs getting into more debt ? the argument is that developing countries export "low value" primary goods (food and commodities) whilst importing high priced manufactured goods. This leads to debt. In other words international trade has caused LEDC debt.
 * 4) Has Globalisation led to the gap between the rich and poor (the so called "development gap") getting bigger? (see the graph on P206 and discuss)
 * 5) Has Globalisation led to environmental degradation?

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Globalisation Summary worksheet 