Unit 4 A-Level Edexcel Economics Revision PowerPoint

Theme 4
Macroeconomics

,4.1 International Economics
• 4.1.1 Globalisation
• 4.1.2 Specialisation and Trade
• 4.1.3 Pattern of Trade
• 4.1.4 Terms of Trade
• 4.1.5 Trade Blocs and the WTO
• 4.1.6 Restrictions on Free Trade
• 4.1.7 Balance of Payments
• 4.1.8 Exchange Rates
• 4.1.9 International Competitiveness

,4.1.1 (a) Characteristics of
Globalisation
• Expansion of global capital flows
• Increased FDI
• More Multinational Corporations
• Deeper specialisation and trade
• High international migration
• Increased interconnectedness of people and business

, 4.1.1 (b) Factors Contributing to
Globalisation in the Last 50 Years
• Trade liberalisation
• Trade blocs
• Growth of Multinational Corporations
• Technological Advancements
• Mobility of labour and capital
• Containerisation (Malcom Mclean)