Globalisation and economic development
Learn about:
• differences between economic growth and economic development
• distribution of income and wealth
• income and quality of life indicators
• developing economies, emerging economies, advanced economies
• reasons for differences between nations
• effects of globalisation
• trade, investment and transnational corporations
• environmental sustainability
• the international business cycle.
• differences between economic growth and economic development
• distribution of income and wealth
• income and quality of life indicators
• developing economies, emerging economies, advanced economies
• reasons for differences between nations
• effects of globalisation
• trade, investment and transnational corporations
• environmental sustainability
• the international business cycle.
Watch the clip, "What is Economic Growth?" to understand there are many ways that growth and development can be promoted in developing countries.
They include:
They include:
- Rapid industrialisation
- Investment in tourism and other services
- Trade liberalisation
- Removal of subsidies
- Policies to attract inward investment
- Greater role for the price mechanism in allocating resources
- Measures to increase incomes and savings
- Improving institutions
- Overseas aid
- Debt cancellation
- Infrastructure investment
- State investment in welfare systems
Use this handout to develop your writing using content knowledge about economic development.
| hsc_at1_draft_response_scaffold_-_alarm.pdf |
Using student example (2014 Q27), identify ALARM prompts, statistics, transitional words & syllabus dot points.
| 2014_q27.docx |