Class : Y11 Lesson Topic: Global Economy Scheme of Work: Globalisation & FDI

Higher thinking Skills P&D Planning and Data Lesson Objectives ALL (KNOWLEDGE) Define and describe the terms of globalization & FDI MOST (ANALYSIS) Examine and Analyse the concepts of globalization & FDI SOME (EVALUATION ) Evaluate the pros and cons & Justify your views on globalization Higher thinking Skills

P&D Planning and Data Planning Tools

Personalise your learning. . . Define and describe the terms of globalization & FDI [Grade E-D] Examine and Analyse the concepts of globalization & FDI [Grade C-B] Evaluate the pros and cons & Justify your views on globalization [Grade A-A*]

CONNECTIVES Keyword Definition Globalisation Foreign direct investment Multi national corporations CONNECTIVES

CONNECTIVES for Analysis CONNECTIVES for Application CONTRASTING Although… Except… Moreover… If… However… Yet… Apart from… Unless… Despite… As long as… COMPARING Equally… As with… Like… In the same way… Similarly… Even so… Likewise… QUALIFYING Despite… Yet… As long as… Unless… Apart from… If… Moreover… Except… However… Although… CAUSE & EFFECT Consequently… Due to… As a result… Therefore.. Because of… Because… ADDING In addition… And… Too… Also… Additionally… As well as… Furthermore… CONNECTIVES for Analysis CONNECTIVES for Application CONNECTIVES for Evaluation CONCLUDING Firstly… After… Secondly… Before… Overall… I believe… Finally… I think … In conclusion… it depends… To conclude… short term… Meanwhile… Long term… EMPHASISING Most importantly… Significantly… Notably… Especially… Above all… In particular… Indeed… ILLUSTRATING For instance… Such as… In the case of… So… For example… As revealed by… As illustrated by…

Climb the Ladder A-A* C-B E-D To what extent Do you think ATD Apply to demonstrate A-A* To what extent Do you think Evaluate whether (8-10m) 10+ connectives & key words C-B Explain Compare Analyse (5-8m) 5+ connectives & key words E-D Define Describe Identify (2-4m) 2 + connectives & key words

Mind Map all the terms you think are associated with GLOBALISATION?

Characteristics World’s economies have developed closer links through trade, investment and production. Manifest itself in two ways; Global Brands – Big Mac Index Global sourcing – Worldwide Production

EU One of many ‘trading blocs’

Factors promoting globalisation Reduced protection (WTO) http://news.bbc.co.uk/1/hi/business/4510792.stm Reduced capital movement restrictions Developments in ICT Fall in real transport costs Liberalisation of domestic markets

A2 text p. 310 – p.320

Globalisation Winners Losers

Effects of Globalisation Interdependence Global brands Improved medical supplies Higher standard of living??? Growth in Inequality Exploitation

Deglobalisation?

MNCs and FDIs Activity p. 314 Multinational corporation operates in many countries. Coca Cola, Ford, Starbucks MNCs provide foreign direct investment (FDI) which involves capital flows between countries.

A2 text p. 310 – p.320

A2 text p. 310 – p.320

What the maps suggest These maps suggest growing inflows of foreign direct investment in the 1990s. In 1970 and 1980, large parts of Africa, Latin America and Asia had zero or small inflows of foreign investment. By 1999 large parts of Asia, Africa and Latin America, as well as all of North America and large parts of Europe, have FDI inflows greater than 1% of GDP. This expansion of foreign investment into the global South indicates increasing global economic integration. However, much of this expansion may be due to sale of state enterprises, known as privatization, rather than the setting up of new factories (Sutcliffe 2001: 78). And, FDI is heavily concentrated in only a few, industrializing nations. In 1997 nearly 71% the foreign direct investment in developing countries (the global South) went to just 9 nations, and of that over 30% was invested in China alone (Todaro, 2000: 578).

Is FDI good for developing countries?

Articles – Positive or Negative? http://news.bbc.co.uk/1/hi/business/6599693.stm http://news.bbc.co.uk/1/hi/business/3846439.stm

FDI good or bad for China? Pros Cons A2 text p. 310 – p.320

FDI good or bad for China? Pros Cons Injection in Circular Flow MNCs may underpay and use capital intensive Credit balance of payments (Exports +) Less jobs to tax More tax revenue Outflow of profits may outweigh positive impact on balance of payments (Net Effect Minus) Improved productivity Environmental costs! Technology transfer

Other Financial Flows ‘Hot Money’ Chasing Interest and Exchange rates Disruptive Short termism Portfolio Investment Chasing shares and bonds Longer term Foreign Aid – IS AID GOOD? Loans Remittances

Aid Some say trade not Aid Aid is seen as short term, one sided measure. VIDEO – Trouble with Aid To what extent is Aid helpful for developing economies?

Higher thinking Skills P&D Planning and Data Lesson Objectives ALL (KNOWLEDGE) Define and describe the terms of globalization & FDI MOST (ANALYSIS) Examine and Analyse the concepts of globalization & FDI SOME (EVALUATION ) Evaluate the pros and cons & Justify your views on globalization Higher thinking Skills

Climb the Ladder A-A* C-B E-D To what extent Do you think ATD Apply to demonstrate A-A* To what extent Do you think Evaluate whether (8-10m) 10+ connectives & key words C-B Explain Compare Analyse (5-8m) 5+ connectives & key words E-D Define Describe Identify (2-4m) 2 + connectives & key words

Pass the Parcel R Review the Learning Add as much information you can remember from today’s lesson When the horn blows – pass your sheet to the next table!

Neighbours 2 things your neighbour has learnt today Review the Learning 2 things your neighbour has learnt today 1 question your neighbour wants to ask

R Review the Learning Tweet Tweet Summarise your learning today into a single tweet 140 characters Keep all of the information STOP

3 pieces of information 2 new things you learnt 1 question you need to ask 2 new things you learnt 3 pieces of information R Review the Learning

5 minutes. . . GO STOP