Prevention of globalisation

Question 1

Give three ways of preventing globalisation

Answer 1

• Laws
• Limited online freedom of information
• Trade protectionism

Question 2

What is the five tier immigration system in the UK?

Answer 2

Enforced since 2010 to control immigration by checking economic migrants posses skills that the UK need

Question 3

Describe each tier of the UK immigration system

Answer 3

1 - highly skilled
2 - skilled in a specific job to fill gaps in UK labour
3 - Limited number of lower skilled workers needed to fill shortages
4 - students
5 - temporary workers

Question 4

What is resource nationalism?

Answer 4

A common feature of state policy when people or governments assert control over natural resources to limit international supply

Question 5

What happened to the Canada based company ‘First Quantum’ in 2009?

Answer 5

Forced to hand over 65% ownership to a $550m copper mining project to the DRC government

Question 6

Describe China’s resource nationalism

Answer 6

China’s resource nationalism took the form of rare earth export restriction, the USA, UK and Japan complained to the WTO and as a result China had to relax restrictions

Question 7

How can countries with natural endowments acquire more revenue? What consequences can result?

Answer 7

Taxes, royalties or full scale state ownership

May inhibit FDI