Cambridge IGCSE/O-Level Economics (0455) – Chapter 6: International Trade & Globalization | Handwritten Notes
Comprehensive handwritten notes covering the full "International Trade and Globalisation" unit for Cambridge IGCSE/O-Level Economics (0455). Clearly organized with headings, arrows, and diagrams to show cause-and-effect chains — ideal for quick revision or first-time learning. Topics covered: Advantages & disadvantages of international specialization Multinational companies (MNCs): benefits and problems for host countries, foreign direct investment Gains from international trade & risks of uncontrolled trade Trade protection: tariffs, subsidies, quotas, embargoes, quality standards/licensing Arguments for and against trade barriers (with exam mnemonic) Foreign exchange rates: appreciation & depreciation, with labelled supply/demand diagrams Causes of exchange rate changes (trade flows, inflation, interest rates, speculation, MNC activity) Fixed, floating, and managed float exchange rate systems Balance of payments: current account structure (trade in goods, trade in services, primary income, secondary income) Calculating current account balance, trade surplus vs deficit Problems of trade deficits/surpluses and policies to correct them (fiscal policy, interest rates, devaluation, trade barriers) Perfect for exam prep, essay planning, or filling gaps in your own notes. Diagrams are hand-drawn and labelled for clarity.
Document information
- School year
- 4
- Uploaded on
- July 13, 2026
- Number of pages
- 19
- Written in
- 2024/2025
- Type
- Class notes
- Professor(s)
- Sir michael
- Contains
- All classes
