swagmeister
Active Member
- Joined
- Oct 4, 2014
- Messages
- 524
- Gender
- Male
- HSC
- 2015
Hey guys,
This was a question that after the exam many of my classmates as well as people on BoS seemed to find weird.
2015 HSC Economics 24 (a) - given 3/4:
How does the international division of labour contribute to globalisation?
Globalisation refers to the breaking down of natural and man made barriers to the movement of trade, finance, investment, labour and transnational corporations across borders, as nations connections are increased. The international division of labour, meaning that individuals can work in countries whereby that country has an absolute or comparative advantage in the production of a particular good, helps to contribute to globalisation by increasing ties between countries in that their citizens may be located all over the world. It also contributes to the benefits of globalisation by helping economies of scale to be better achieved, as outputs of a particular good or service can be completed in particular countries. It also encourages other aspects of globalisation to occur, as ideas as well as technologies spread around the world as workers migrate, and will also help to encourage international trade and financial flows because migrating citizens retain their connections with their home country.
The difference between 3 and 4 in the marking criteria were based upon either a sound or comprehensive understanding of how the international division of labour contributes to globalisation.
Anyone have any thoughts on this? I reckon I should have been given 4/4
(edit - see my last post, I realised that in the stress of the exam I forgot to link the whole absolute/comparative advantage stuff to the skills that workers had, which is why they may migrate and so forth)
This was a question that after the exam many of my classmates as well as people on BoS seemed to find weird.
2015 HSC Economics 24 (a) - given 3/4:
How does the international division of labour contribute to globalisation?
Globalisation refers to the breaking down of natural and man made barriers to the movement of trade, finance, investment, labour and transnational corporations across borders, as nations connections are increased. The international division of labour, meaning that individuals can work in countries whereby that country has an absolute or comparative advantage in the production of a particular good, helps to contribute to globalisation by increasing ties between countries in that their citizens may be located all over the world. It also contributes to the benefits of globalisation by helping economies of scale to be better achieved, as outputs of a particular good or service can be completed in particular countries. It also encourages other aspects of globalisation to occur, as ideas as well as technologies spread around the world as workers migrate, and will also help to encourage international trade and financial flows because migrating citizens retain their connections with their home country.
The difference between 3 and 4 in the marking criteria were based upon either a sound or comprehensive understanding of how the international division of labour contributes to globalisation.
Anyone have any thoughts on this? I reckon I should have been given 4/4
(edit - see my last post, I realised that in the stress of the exam I forgot to link the whole absolute/comparative advantage stuff to the skills that workers had, which is why they may migrate and so forth)
Last edited: