OCR F585 June 2015 The Global Economy

When referring to living standards you should mention gdp per capita. FDI is also part of the financial account. As a way of improving accounts in the BoP you could refer to the benefits to both current account and financial account but you should have a clear link to development. I wouldn't use FDI twice on this question but 2 different factors from globalisation promoting development. The evaluation and analysis seems to be focusing too much on FDI. For evaluation I would go with the prebish singer hypothesis, PED/PES inelastic for commodities, Dutch disease from too much foreign currency.......

When referring to living standards you should mention gdp per capita. FDI is also part of the financial account. As a way of improving accounts in the BoP you could refer to the benefits to both current account and financial account but you should have a clear link to development. I wouldn't use FDI twice on this question but 2 different factors from globalisation promoting development. The evaluation and analysis seems to be focusing too much on FDI. For evaluation I would go with the prebish singer hypothesis, PED/PES inelastic for commodities, Dutch disease from too much foreign currency.......

The reason the analysis and evaluation focuses too much on FDI is because this paragraph is devoted to FDI. I outline below that at least 1, preferably 2, different points (in one or two paragraphs respectively) should be equally explained. I wouldn't like to mess together two different aspects in the same paragraph personally.

I personally have a different way of structuring my essays (different at least from the people I've spoken to) -instead of mentioning three L3 points and then three other, perhaps not directly tied to L3, evaluation points, I write the L3 point and then dispel it directly with a L4 point. I would like the L4 to be perfectly tied to the L3.

Thanks for the first advice though -I should have put that in, but I did in pretty fast and it skipped my mind!

May I ask if you're a student or a teacher by the way?

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Teacher and examiner

What is this dutch disease???

A significant rise in FDI could cause an appreciation of the currency and make goods less competitive internationally

Teacher and examiner

Do you have any good resources that you could share with us for this exam?

Define comparative advantage and use data for the extract on possible reasons why countries are able to exploit the benefits of comparative advantage

But I only have arguments against comparative advantage not existing, so I don't really have arguments for comparative advantage being present


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Hi, im looking for an explanation as to how integration leading to trading blocs can be a feature of globalisation. Surely the increasing intra regional trade & trade diversion will slow down globalisation?


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Hi, im looking for an explanation as to how integration leading to trading blocs can be a feature of globalisation. Surely the increasing intra regional trade & trade diversion will slow down globalisation?


Posted from TSR Mobile

I can help with any queries but in terms of resources for many reasons I can't post them online.

Btw, just had a look at the online document that consists of global economy questions - I must admit, it's very impressive so far! So well done everyone

​Latest link:

https://docs.google.com/document/d/15CG5N7HECpjan8akGs3NsWSdjyiOlGKXmTTcTbmvtNI/edit