OCR F585 June 2015 The Global Economy

There are plenty of points against. Structural unemployment since developing countries/emerging economies have gained comparative advantage on many different industries. Greater interdependence between countries more susceptible to external shocks, you could also argue that greater mobility of labour to developed countries could be disadvantageous.
Prebisch singer and Terms of Trade would be only one point for developing countries. You could also mention how price of commodities fluctuate a lot, negative externalities, exploitation of workers.

I separated the points for and against developed and then developing countries.

Your points are correct though if you were talking about developing countries and the negatives of globalisation for them.

I only said there are no real negatives of globalisation on developed countries.

The points against I mentioned are for developed countries.

Structural unemployment is very unlikely though because developed countries don't rely on only one type of good or service. It is more for developing countries where the products are more volatile. Although I can see your point that emerging counties are starting to focus on multiple industries and I can see how you could try and make an argument here.

External shocks and being too interdependent is more a point against for both developed and developing countries rather than developed countries only although I can see how you could argue it that way.

I guess it is basically I don't feel they would ask you about the negatives of globalisation on developed countries. Not because there aren't any it is just that it is more superficial and the points against globalisation for developing is much easier to pick out the points.

Need some ideas for this question based Extract 4...

Analyse possible reasons for the increased regionalisation of world trade (6)

I've already got... to establish trade creation, and to allow comparative advantage and specialisation to take place

Thank you for your reply
I understand why you'd want to rebalance away from imports. But why rebalance away from domestic consumption. It is beneficial to the economy to increase domestic consumption as it increases short term economic growth right?

Could someone please define 'Regionalisation of trade'

Really useful article on ET 2011 on ' Rebalancing the Economy' which explains why Domestic consumption ( C) contribution to AD can not be relied upon for recovery and need to focus on I and X...it's all in there !