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AS and A Level: Global Interdependence & Economic Transition
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What do I need to know to get a top mark?
- 1 In order to understand this topic it pays to learn which countries are MEDCs (More Economically Developed Countries), LEDCs (Less Economically Developed Countries) or are somewhere in between (NICs - Newly Industrialised Countries)
- 2 To understand the current global economic situation it is worth learning more about the past. Study the history of global economic development, including colonialism and slavery, in order to understand the present.
- 3 Whatever your point of view, it is important to recognise that there are positive and negative aspects to globalisation.
- 4 Although this is largely an economic topic, it is important to understand the social, political, environmental and cultural aspects of globalisation too.
- 5 Learn the definitions for key indicators such as GDP, GNP, GNI, HDI, PQLI.
Common student errors that you should ensure you avoid
- 1 Some students seem to think that GDP per capita is the income that each person in a country actually has. It is just the total value of the goods and services produced by a country in a given period divided by the number of people in the country.
- 2 Don’t forget that even the richest countries contain some very poor people and the poorest countries contain some very rich people.
- 3 Just because China produces many industrial goods, does not mean that it is a More Economically Developed Country. It is better to call it a Newly Industrialised Country.
- 4 Some students continue to use the term “Third World” to describe less economically developed countries. This is now out of date and is probably best avoided.
- 5 The wealth of a country is not necessarily based on quantity of natural resources which it has. It is much more complicated than that!
Key global interdependence and economic transition facts
- 1 The USA is the world’s largest single-country economy, followed by China. If the European Union is taken as a single entity, it has a larger economy than the USA.
- 2 Economic growth in China has averaged more than 10% per year over the past 30 years.
- 3 The global economy was by the UNDP estimated to have value of over US$ 60 trillion in 2010.
- 4 The UNDP also estimated that there were over 10 million US$ millionaires in 2010, while more than 3 billion people earned less than US$ 2 per day.
- 5 The BRIC countries are Brazil, Russia, India, and China. They are major NICs which are thought to be at a similar stage of newly advanced economic development, without yet being classed as MEDCs.
- Marked by Teachers essays 7
- Peer Reviewed essays 2
Investigation. Hypothesis: Students from developing countries tend to associate the responsibility of global warming with developed countries.
A person's gender may also have a bearing. This would therefore potentially change their mindset of which the questionnaire does not take into consideration. Hence to maintain consistency, a large group of students must be questioned, ranging from countries from Africa to India to Sweden. This will make the data as accurate as possible and make sure that each region is represented as even within their smaller nationalities, ideas are likely to differ. Method: 1. Two tables were constructed, Table 1 and Table 2.
- Word count: 2000
argues, ?Globalisation has a major feature of separation of time and space, known as Distanciation where disembedding occurs. Along with these features Harvey (1990) argues that the process is also compressed. Therefore, the whole idea of embedding involves around the displacement of originality from their space. For instance, objects such as credit cards are disembedded from their original physical context of coinage, or telephones and emails are disembedded from their original context of face-to-face communication.
- Word count: 530
Assess the extent to which technological Innovation has unforesen social, economic and environmental costs
Due to incomplete combustion of the fuel, carbon particulates are released into the air. This is seen in not only the production of technology, but in transport too. Despite more cars becoming more fuel efficient, 99.99% of all cars (1.2bn worldwide) run on fossil fuels. Although some cars have catalytic converters, carbon particulates are released in the older cars. When consumed these particles can cause serious health issues such as asthma and in some cases lung disease. Serious health problems that can sometimes lead to fatalities. The automotive industry is worth over $1.6 trillion, and provides 7.25 million jobs.
- Word count: 1447