Globalisation

What this page covers

The resources here were made by GoConqr users and look at globalisation from several sides. Some deal with money and trade, such as The Balance of Payments and Exchange Rate, which covers the FOREX market, and the maps on purchasing power parity and the monetary model of exchange rates. Others look at institutions: the IMF map sets out membership, quotas, voting power and structure, and there are also maps on the World Bank and trading blocs.

Where to start

Begin with the big picture. Pros and Cons of Globalization sorts risks and opportunities by theme, including the environment, developing countries, culture and the industrial economy. GCSE Globalisation Mind Map looks at benefits for consumers. The 3 eras of globalization adds a historical thread, starting with Globalization 1.0.

1. Read one overview map to get the main arguments.
2. Move to a specific map, such as the balance of payments or the IMF.
3. Test yourself with a quiz.

Using quizzes and maps together

Open a map first and note the headings you cannot explain. Then try a quiz such as Multinational & Trnansnational corporations, which asks about the influence of these companies, or Balance of Payments & Exchange rates. Go back to the map for anything you missed. Flashcard decks like Scholars, which lists thinkers from Adam Smith to Friedrich Hayek, and International Economics help with key terms.

Case studies and exams

Several resources are about named companies and events, including Nike and East Asian Crisis 1997. They are handy for examples. The resources mention exams such as A-level Economics, IB, A-level Business and GCSE Business Studies, as well as university lecture material, so check what fits your course.

Where it sits

This unit belongs to the strand The Global Economy in Economics. Choose a map that matches your next lesson, then add your own cards and notes as you go.