Issues with interdependence

Question 1

International labour market

Answer 1

Globalisation allows free movement of workers
Developing to developed
Reduced unemployment
Addresses skill shortage
Countries cannot retain best talent

Question 2

Outsourcing

Answer 2

Taking manefacturing jobs from HICs to LICs
Subcontracting in a low wage economy
Demultiplier effect in host country
Deindustrialisation of economy
Structural unemployment

Question 3

Inequality between countries

Answer 3

Difference between rich and poor
Less skilled people
Unequal flows of money
Aid can cause dependency
Poor nations cannot afford new tech

Question 4

Inequality within countries

Answer 4

Gini index indicates income distribution based of Lorenz curve
Developing more unequal than developed

Question 5

Geopolitics

Answer 5

Globalisation led to political instability
Economic integration led to lower likelihood of armed conflict
Trade used as a weapon for conflict
Nationalism slows down globalisation