International economics

Table of Contents

1. Topic pack - International economics - introduction
2. Section 3.1 International trade (notes)
3. Section 3.1 International trade (questions)
4. Section 3.1 International trade - simulations and activities
5. Section 3.2 Exchange rates (notes)
6. Section 3.2 Exchange rates - questions
7. Section 3.2 Exchange rates - simulations and activities
8. Section 3.3 Balance of payments - notes
9. Section 3.3 Balance of payments - questions
10. Section 3.4 Economic integration - notes
11. Section 3.4 Economic integration - questions
    1. Trading blocs - essay
    2. Estonia becomes the 17th member of the euro zone
    3. Economic policy in the euro zone
    4. Eurozone to consider closer economic scrutiny
    5. A flat earth?
12. Section 3.5 Terms of trade - notes
13. Section 3.5 Terms of trade - questions
14. Print View

A flat earth?

Read the article The new rules of the global game (you can do this in the window below or follow the previous link to read the article in a separate window) and then answer the questions below.

Question 1

Define the term globalisation.

Question 2

Explain why Bill Gates and Thomas Friedman believe the world is flat. Do you agree with their argument?

Question 3

Analyse the advantages and disadvantages of globalisation for (a) developed countries and (b) developing countries. You may find it helpful to listen to Part 2 of the Rules of the game (linked to above).

Question 4

Evaluate the impact that globalisation has had on our lives over the last decade.