Homework 2 – due in homework 1 – handed back!

Aim How have political organisations contributed to globalisation? Learning Outcomes A* - I will explain the role of FDI and free trade in relation to global economies. I will evaluate the role of political and economic organisations in facilitating globalisation. A - I will explain the role of FDI and free trade in relation to global economies. I will evaluate whether political and economic decision making are important factors in the acceleration of globalisation. B - I will define the role of FDI and free trade in relation to global economies. I will explain how political and economic decision making are important factors in the acceleration of globalisation. C - I will define the role of FDI and free trade in relation to global economies. I will describe how political and economic decision making are important factors in the acceleration of globalisation. Mini Starter Try to name as many international organisations as you can. Challenge: how do these players encourage globalisation?

Players theme In a nut shell… ‘Player’ From the specification: Who are the different players (individuals, groups and organisations, stakeholders) involved in geographical issues and decisions (interdependence, globalisation, systems)? Why do some players have greater influence than others (inequality)? This includes: international players (intergovernmental organisations (IGOs), national and local governments, large and small private businesses, transnational corporations (TNCs), pressure groups and non-governmental organisations (NGOs) as well as other particular contexts. In a nut shell… ‘Player’ An important person / company / group that has an interest or role in a particular area/ activity

Petro dollars= money from selling oil 2 mins Links to globalisation? OPEC Set prices Government relationships Spread of wealth Enables transport… Starter What is the link between these images? Petro dollars= money from selling oil

Key terms Tariff: A tax imposed on imports. 5 mins Key terms Tariff: A tax imposed on imports. Subsidy: financial assistance to a business by government to make it competitive or prevent collapse. Quota: a limit on the quantity of a good a country allows into the country. Protectionism: policies to protect businesses and workers in a country by restricting /regulating trade with foreign nations. Free- market economy: A market economy based on supply and demand with little or no government control. Neoliberalism: a political philosophy of free markets, free trade, privatisation and increasing the role of business in society (while decreasing the influence of government). It is thought that by making trade easier, there will be more of it, meaning wealth and reduction of poverty. You will be tested on these in a future lesson…

Key terms Match up Trade Bloc Economic liberalisation Free trade Government policies which promote economic growth by opening up trade to international markets, extending the use of markets and lessening the restrictions and regulations placed on business. When a fair price is given to the producer- usually referred to coffee & Cocoa When there are no barriers to trade and commodities can move freely between countries The transfer of ownership of property or businesses from a government to a privately owned entity Where a group of countries form an agreement where the movement of goods within the group is free. Tarriffs and quotas are in place for countries outside of the bloc Trade Bloc Economic liberalisation Free trade Privatisation Fair Trade

Free trade: What’s the cycle? Governments take away barriers that make trade more difficult and costly Free trade: What’s the cycle? This wealth and develop will increase standard of life and demand for foreign products. As an economy has more TNCs, so they become interconnected and interdependent on each other. TNCs will bring new ideas, products, cultures etc. to a nation As costs are reduced, TNCs will see a profit and want to invest in nations. Also the TNC will generate wealth.

5 mins Free Trade Governments take away barriers that make trade more difficult and costly As costs are reduced, TNCs will see a profit and want to invest in nations. TNCs will bring new ideas, products, cultures etc. to a nation Also the TNC will generate wealth. This wealth and develop will increase standard of life and demand for foreign products. As an economy has more TNCs, so they become interconnected and interdependent on each other.

20 mins What are the roles of different political and economic organisations in facilitating globalisation? Political and economic organisations are bodies that are set up to control and oversee international agreements. For example, the World Bank, IMF and WTO introduced free trade and now help to develop countries. Discuss in pairs: How do these players shape globalisation? Be prepared to feedback to the class Task Using page 152-3 Geography for Edexcel A Level Year 1 and AS Explain the origins of the IMF, the World Bank and the WTO and what their roles are. Explain: How have these organisations contributed to globalisation through the promotion of free trade policies and FDI? A* Aim higher – you should evaluate; which group do you think has been most successful? Which group do you think has played the greatest role in facilitating globalisation? Are there any controversies surrounding each of them

Are political organisations a good thing? 10 mins Are political organisations a good thing? Motion: ‘political organisations such as the World Bank are a good thing.’ Explain in your own words your point of view; try to show balance in your response: look at both sides of the argument.

5 mins Plenary Debrief Are political and economic organisations a good thing? (consider different players, people and countries) What does the future hold for these institutions?

Study Session 1 Due: Task 1 Complete the FDI Table for China, India and North Korea Task 2 Take a more in depth look at China… Due: Useful Websites can be found on the bottom of the sheet (you will need to supplement these with your own)