“evaluate The Extent To Which Economjc Globalisation Is Effective In Combatting Global Poverty” (30)

Question 1

Large extent 1

Answer 1

P: the economically developing world has taken advantage of new trading and manufacturing opportunities to achieve greater convergence with the economically developed world

E: India was the world’s fastest growing economy(7.3%). Its young, English-proficient workforce is making it dominant in the global service industry

The economic growth of china, India, South Korea and turkey has been as a result of the economic opportunities of globalisation

C: according to dependency theory, economic globalisation represents neocolonialism. This is because advanced economies (global north) exploit workforces and raw materials of the economically developing world (global south).

As a result, the economically developing world becomes dependent on cheap mass produced products do, the economically developed world. Therefore, those countries do not achieve industrialisation themselves