Theme 3 – The Global Economy

• Contextual Analysis

Globalisation

• a) Growing economies
• b) Trade and growth
• c) Trading blocs
• d) Trade policy and trade negotiations
• e) Exchange rate changes
• f) na country profile

Economic Factors in Business Expansion

• a) Conditions that prompt trade
• b) Assessing the potential of different economies

Impact of Globalisation on Global Companies

• a) Responding to global demand
• b) Demand-side factors in global markets

Impact of Globalisation on Local and National Economies

• a) The impact of multinational corporations (MNCs)
• b) Ethical issues
• c) Controlling MNCs

Global Labour Markets

• a) Employment patterns
• b) Wage rates
• c) Minimum wage legislation

Inequality and Redistribution

• a) Poverty and inequality
• b) Reducing poverty
• c) The impact of inequality on economic agents
• d) Redistribution of income and wealth