Globalisation Basics
What is the key difference between economic growth and economic development?
Economic growth refers to the percentage change in real GDP, while economic dev considers quality of life, measured by HDI
What does GNI stand for, and why is it important?
Gross National Income (GNI) represents the total income generated by a nation’s residents, measuring economic well-being.
What is a transnational corporation (TNC)?
A company that operates in multiple countries, influencing global trade and investment.
Why is Brazil a strong case study for globalisation? hmmmmm why
It's a G20 economy, has a commodity-based export system, and has faced both economic booms and crises. oooohhhhhhh
What is a major downside of globalisation for developing nations?
It benefits high-income economies disproportionately, widening the wealth gap.
What is the internation business cycle?
The fluctuations in global economic activity that affect trade, investment, and employment worldwide.
How does purchasing power parity (PPP) help compare incomes across countries?
PPP adjusts for cost-of-living differences, making income comparisons more accurate.
What was the impact of the WTO Doha Round's failure?
(Hint - somtin to do wit de ground)
It prevented significant reductions in agricultural protection, keeping over 140 million people in extreme poverty.
What was Brazil’s import substitution industrialisation (ISI) policy?
(Think about a word trump is implementing now)
A strategy where Brazil kept high tariffs and foreign investment controls to boost domestic industry.
What is the role of environmental sustainability in economic development?
Balancing economic growth with resource conservation and reduced pollution.
How has globalisation affected income distribution across economies?
For x2 OR do another question What is the capital of Canada
High-income economies have made significant gains, with GNI per capita four times the global average, while middle and low-income economies lag behind.
Or Ottawa
What are people who can't drink milk also allergic too?
dying neutron star
Why do developing economies struggle with FDI (Foreign Direct Investment)?
For X2 OR another question .............@)(&$#*(^@&* ..... What is the chemical symbol for gold in AUstralia???*%&#%
Developed economies attract most FDI, limiting capital access in poorer countries.
and Au
What was the Bolsa Família program? ¯\_(ツ)_/¯
X2 points for this one
A conditional cash transfer program that helped reduce poverty by providing payments to low-income families.
How did COVID-19 affect global poverty rates?
It erased five years of progress, increasing global extreme poverty rates.
Name two major organisations that influence globalisation through trade and financial policies.
The World Bank and the International Monetary Fund (IMF).
What percentage of the world’s population lives in low and middle-income economies? (within 3.5%)
For X2 OR another question What is the largest planet in the solar system
87% (about 6.8 billion people).
and zaddy Jupiter
How did the 2015 Nairobi WTO agreement help developing economies?
(more $$$$$$$ by subs_d__s)
It ended agricultural subsidies on exported products, making their goods more competitive
How did Brazil respond to the Global Financial Crisis (GFC)?
for X2 OR another question who painted the Mona Lisa
The government launched a stimulus program, leading to short-term recovery but long-term fiscal issues.
And ....... My boy Leonardo da Vinci from down town spaget town
How do global protection policies affect developing nations?
Trade barriers limit their export opportunities, reducing economic growth.
What major economic classification does the IMF use to group economies?
Advanced economies, emerging markets, and developing economies.
What are two key reasons for economic disparity between nations?
(Don't think too hard)
Differences in
1 infrastructure,
2 education,
3 technology access,
4and financial systems.
What role does the IMF play in global economic stability?
It provides financial aid to struggling economies but has been criticized for its structural adjustment policies.
or as an acceptable nonrelated answer
Impossible Missions Force, a fictional secret government agency that handles dangerous and high-stakes missions - Mission: Impossible
What happened to Brazil’s economy in 2015-2016?
A major recession caused by corruption scandals, inflation mismanagement, and fiscal instability.
What is the future challenge for Brazil’s economy in the global market?
For X2 OR another question ... If a duck wore pants, would it wear them on all four legs or just the back two?
Managing high debt, corruption issues, and reliance on commodity exports while increasing trade integration.
and Back two, obviously. Ducks don’t have four legs, and anything else would just be chaos like James. 🦆👖