'Is Globalisation beneficial for all parties?'

Yes:

  • A greater variety of goods and services offered to consumers, this involves goods and services that may not be offered usually in the country of the consumer 

  • Greater flow of information, technology and ideas which means that there is less disparity in living standards between nations

No:

  • Large MNC's can take advantage of lack of workers' rights and high unemployment rates in poor countries, making them work for obscenely low wages

  • Cultural identity is slowly being eroded away, there is a McDonalds on every corner you turn

NM
Answered by Naim M. Economics tutor

2144 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

(a) Explain what is meant by monopoly and, using a diagram, explain why a monopoly may have lower average costs of production than a firm in perfect competition. [10]


With reference to the extract, how price elastic would supply of nuclear energy be?


Please can you help me to understand the concept of price elasticity of demand (PED)?


Explain what you understand by the Lorenz Curve and Gini Coefficient.


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning