Global Economy
Fanya
Globalisation.docxQuestions:
(a) What is meant by globalisation? What factors have contributed to the rapid globalisation of the world economy in recent years? Discuss.
(5 marks, 200-250 words)
(b)
The value of exports, imports and GDP for a selected group of countries are provided in the table below. All values are in US dollars.
|
Country |
Exports |
Imports |
GDP |
||
|
|
Goods |
Services |
Goods |
Services |
|
|
Bahrain |
19.6 |
3.0 |
12.7 |
1.8 |
25.9 |
|
Brazil |
256.0 |
36.7 |
236.9 |
73.1 |
2,492.9 |
|
Cambodia |
6.9 |
2.2 |
9.3 |
1.4 |
12.9 |
|
Chad |
4.6 |
0.2 |
2.4 |
1.9 |
9.3 |
|
New Zealand |
37.7 |
9.9 |
37.1 |
10.8 |
158.9 |
|
Nigeria |
116.0 |
2.3 |
55.0 |
22.5 |
244.0 |
Based on the information available discuss the level of globalisation and the importance of trade for the countries listed above?
(5 marks, 200-250 words)
