Economics
Student Videos
Gains from Globalisation
- Level:
- AS, A Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 19 Aug 2019
In this short revision clip we explore some of the claimed advantages from the process of globalisation. Many of them centre around the gains from specialisation and exchange across national borders.
What is the key benefit from globalisation?
Globalisation allows businesses and countries to specialisein producing goods and services where they have a comparative advantage. Specialisation and trade enable a gain in economic welfare, for example through lower prices for consumers which then increases their real incomes. They can consume more goods and services.
You might also like
Globalisation (Revision Quizlet Activity)
Quizzes & Activities
Addressing Globalisation I A Level and IB Economics
Student Videos
Risks that the global flower trade is evaporating
26th April 2020
Are There Winners and Losers of Globalization?
17th September 2019
Sources of Comparative Advantage
Study Notes
International Economics "Key Word Chop" Activity
Quizzes & Activities
Beyond the Bike Unit 4 Revision Resources
23rd May 2016
Post-China 16 Countries
23rd July 2015
Recommended

Exam support for 2022
Online Grade Booster Courses for A-Level Exams in May & June 2022
Exam technique, advance information support, live revision and more from the tutor2u subject specialist teams