What globalisation offers poorer countries
What globalisation offers poorer countries
For a less developed country, globalisation mainly means access to markets much larger than its own and access to investment that domestic savers could not provide. Export sales can raise incomes quickly and have helped move many people out of poverty.
Step-by-step lessons on OCR GCSE Economics 4.4.4 Globalisation in less developed countries. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.