SGO Edexcel Business - Theme 4: Global
Topic outline
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4.1.1 Growing economies
4.1.2 International trade and business growth
4.1.3 Factors contributing to increased globalisation
4.1.4 Protectionism
4.1.5 Trading blocs -
a) Growth rate of the UK economy compared to emerging economies
b) Growing economic power of countries within Asia, Africa and other parts of the world
c) Implications of economic growth for individuals and businesses:
- trade opportunities for businesses
- employment patterns
d) Indicators of growth:
- Gross Domestic Product (GDP) per capita
- literacy
- health
- Human Development Index (HDI)
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- trade opportunities for businesses
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a)Exports and imports
b)The link between business specialisation and competitive advantage
c)Foreign direct investment (FDI) and link to business growth
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a) Reduction of international trade barriers/trade liberalisation
b) Political change
c) Reduced cost of transport and communication
d) Increased significance of global (transnational) companies
e) Increased investment flows (FDI)
f) Migration (within and between economies)
g) Growth of the global labour force
h) Structural change
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a) Tariffs
b) Import quotas
c) Other trade barriers:
- government legislation
- domestic subsidies
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a) Expansion of trading blocs:
- EU and the single market
- ASEAN
- NAFTA
b) Impact on businesses of trading blocs
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- EU and the single market
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4.2.1 Conditions that prompt trade
4.2.2 Assessment of a country as a market
4.2.3 Assessment of a country as a production location
4.2.4 Reasons for global mergers or joint ventures
4.2.5 Global competitiveness -
4.3.1 Marketing
4.3.2 Niche markets
4.3.3 Cultural/social factors -
4.4.1 The impact of MNCs
4.4.2 Ethics
4.4.3 Controlling MNCs -
a) Impact of MNCs on the local economy:
- local labour, wages, working conditions and job creation
- local businesses
- the local community and environment
b) Impact of MNCs on the national economy:
- FDI flows
- balance of payments
- technology and skills transfer
- consumers
- business culture
- tax revenues and transfer pricing
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- local labour, wages, working conditions and job creation
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a)Stakeholder conflicts
b)Pay and working conditions
c)Environmental considerations:
- emissions
- waste disposal
d)Supply chain considerations:
- exploitation of labour
- child labour
e) Marketing considerations:
- misleading product labeling
- inappropriate promotional activities
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- emissions
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