Economics for People
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Globalisation and Economic Development

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. ​

Picture
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:
  • 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
File Size: 99 kb
File Type: pdf
Download File

​Using student example (2014 Q27), identify ALARM prompts, statistics, transitional words & syllabus dot points.
2014_q27.docx
File Size: 50 kb
File Type: docx
Download File

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  • Home
  • Assessment
    • Y11
    • Y12
  • FOR TEACHERS
  • Preliminary
    • THE ECONOMICS OF EVERYTHING >
      • WEEK 1
      • WEEK 2
      • WEEK 3
      • WEEK 4
      • WEEK 5
      • WEEK 6
      • WEEK 7
      • WEEK 8
      • WEEK 9
      • WEEK 10
      • WEEK 11
    • CURIOUS CHOICES >
      • WEEK 1
      • WEEK 2
      • WEEK 3
      • WEEK 4
      • WEEK 5
      • WEEK 6
      • WEEK 7
      • WEEK 8
      • WEEK 9
      • WEEK 10
    • THE WORLD IS NOT FLAT >
      • WEEK 1
      • WEEK 2
      • WEEK 3
      • WEEK 4
      • WEEK 5
      • WEEK 6
    • TO INFINITY AND BEYOND >
      • LABOUR MARKET INSTITUTIONS
  • HSC
    • THE GLOBAL ECONOMY >
      • INTEGRATION
      • TRADE
      • ECO DEVELOPMENT
    • AUSTRALIA'S PLACE IN THE GLOBAL ECONOMY >
      • AUS TRADE & FIN FLOWS
      • EXCHANGE RATES
      • PROTECTION IN AUS
    • ECONOMIC ISSUES >
      • ECONOMIC GROWTH
      • UNEMPLOYMENT
      • INFLATION
      • EXTERNAL STABILITY
      • INCOME & WEALTH
      • ENVIRONMENT
    • ECO POL & MMENT >
      • OBJECTIVES
      • FISCAL POLICY
      • MONETARY POLICY
      • MICRO POLICIES
      • LABOUR MKT POLICIES
      • ENVIRONMENTAL POLICY
      • LIMITATIONS
  • Contact