What are the causes and effects of globalisation?

Isolate/Define key terms 

- globalisation 

- causes 

- effects - split into benefits and costs 

1. Causes of Globalisation 

- exploitation of resources 

- improved technology 

- freedom of trade 

2. Costs of Globalisation 

- inequality 

- loss of cultural diversity 

- macroeconomic instability/volatility 

3. Benefits of Globalisation 

- reduced poverty 

- increased division of labour 

- increased economies of scale 

4. Conc.

- key cause

- overall, and in light of the aforementioned evidence, is globalisation a good or a bad thing? 

Tom  G. A Level -Personal Statements- tutor, GCSE Economics tutor, A ...

2 years ago

Answered by Tom , an A Level Economics tutor with MyTutor

Still stuck? Get one-to-one help from a personally interviewed subject specialist


£22 /hr

Ayrton J.

Degree: International relations with Economics with year abroad (Bachelors) - Birmingham University

Subjects offered:Economics, English Language

English Language

“I specialise in English and Economics and use my own techniques along with tested methods to help the student grasp core concepts with genuine interest!”

£20 /hr

Jack G.

Degree: Politics, Philosophy, and Economics (Bachelors) - Warwick University

Subjects offered:Economics, Religious Studies+ 2 more

Religious Studies
.TSA. Oxford.

“Hello, I'm Jack and am studying politics, philosophy, and economics at Warwick.  Having recently been through the subjects I'm looking to tutor I feel like I know first hand what difficulties you'll be facing. I always found I wanted ...”

MyTutor guarantee

£30 /hr

James T.

Degree: Economics & Management (Bachelors) - Bristol University

Subjects offered:Economics, Maths


“I am currently studying Economics & Management at the University of Bristol, and love working with students of all ages, specialising in Maths and Economics at both A-Level and GCSE. I have been teaching drums and coaching tennis for ...”

About the author

Tom G.

Currently unavailable: for regular students

Degree: Contemporary India (Masters) - Oxford Alumni University

Subjects offered:Economics, Politics+ 2 more


“I am a recent graduate from Oxford where I studied a Masters in Indian Development. Prior to that, I spent 3 years at Durham studyingPhilosophy, Politics, and Economics, graduating with first class honours.Outside of work, I love tra...”

MyTutor guarantee

You may also like...

Other A Level Economics questions

Why is inflation desirable?

What is the demand curve?

How can the central bank affect economic activity using monetary policy

In February 2013, the proposed takeover by Barr of Britvic was referred to the Competition Commission for investigation. There were likely to have been concerns that the takeover would lead to...

View A Level Economics tutors

We use cookies to improve your site experience. By continuing to use this website, we'll assume that you're OK with this. Dismiss