Economic Globalisation

• North South Divide

  Economic and social divisions between the developed North and developing South.
• Trade Value

  Between 2000 and 2014 the value of trade has risen by c36 trillion dollars.
• Poverty

  The number of people living in poverty has decreased by 1.2 billion between 1980 and 2015.
• Comparative Advantage

  Developing countries are able to provide cheap labour, helping to lift citizens out of extreme poverty.
• Free Trade vs Tariffs

  Globalists argue that free trade allows countries to specialise in what they can do cheaply.
• North and South Korea

  In the 70s North and South Koreas economies were roughly similar, now South Koreas economy is 17 times the size of North Korea.
• Africa and Globalisation

  Africa has been able to invest in a skilled workforce with a specialisation in commodities depending on country, E.g Botswana diamond exports.