Just som quick questions!! please help (1 Viewer)

[study69]

1 Explain TWO benefits of global trade liberlisation policies

2. Explain how globalisation has impacted on the ability of government to manage their economy

3. Identify TWO main methods to measure World Output (ive got GWP and not sure abt the other one)

4. Describe the equality of the share of Gross World Product globally(not sure what this questions explaining. Care to explain?)

5. Briefly explain the impact of changes in the International Business Cycle on an economy

6. Demonstrated the difference between a real shock and a financial shock and how each might be transmitted between economies

7. Explain FOUR policy options to low-income countries they could use to increase their levels of economic development (is this like improving education?)

8. Discuss how Australia has delt with the challneges presented by globalisation (this answer seems fairly long. answer if u got time)


THanks heaps peeps.. appreciate it

 

[Jago]

1. economies of scale, comparative advantage

2. argh, just did this in another thread. globalisation limits govt regulation as govts try to keep investors happy (in a nutshell)

4. most of the products are made and sold to 1st world countries, the poorer nations gets very little of the global pie.

5. an boom in the IBC --> more money to spend --> more imports --> expanding economy
an bust in the IBC --> less money to spend --> exports volumes reduce --> contracting economy (w/o govt intervention)

6. this was also answered in another thread, look for that

7. yes, this is like improving education

8. talk about australia's attempt to expand their export base from primary goods to manufacturing and services, talk about the labour market reforms (attempt to improve AS)


wait for someone like sunjet to come in with a more detailed answer for everything haha. gl.

 

[study69]

ohhh aiite. i liked ur answer for 5.. clear and straight foward

thanks bro