Starter quiz
- What is globalisation?
- The movement of people across borders
- The process of businesses operating globally ✓
- The creation of a single national currency
- The increase in local industries
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- Which of the following cities has the largest population in the UK?
- Manchester
- Birmingham
- London ✓
- Liverpool
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- Which of these regions in the UK has the lowest population density?
- South East England
- London
- West Midlands
- Scotland ✓
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- How has migration affected the population of the UK?
- Increased cultural diversity ✓
- Decreased the population
- Led to rural depopulation
- Caused unemployment to rise
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- What is the trend in population movement within the UK?
- People are moving from cities to rural areas.
- People are increasingly migrating to coastal towns.
- Rural areas are becoming more densely populated.
- There is a trend of urbanisation, with more people moving to cities. ✓
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- Which of these is a key economic sector driving growth in many UK cities?
- Financial services ✓
- Manufacturing
- Fishing
- Agriculture
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Exit quiz
- How has globalisation impacted manufacturing in the UK?
- Increased domestic manufacturing jobs
- Reduced outsourcing of jobs to other countries
- Many manufacturing jobs have moved abroad ✓
- New industries were created in rural areas
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- Which of the following is a positive economic effect of globalisation in the UK?
- Loss of local jobs
- Decline in international trade
- Increased foreign direct investment ✓
- More regional economic disparities
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- What does free trade mean?
- Trade controlled by government policies
- Trade only within the European Union
- Trade that only benefits one country
- Trade with no restrictions or tariffs ✓
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- Why should the UK embrace Foreign Direct Investment (FDI) and Transnational Corporations (TNCs)?
- TNCs only benefit developing countries, not the UK.
- FDI and TNCs are harmful to the UK’s economy.
- FDI is unnecessary as the UK has enough domestic capital.
- FDI and TNCs can provide essential investment and create jobs. ✓
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- What is one effect of privatisation on workers in a state-owned company?
- Higher wages and job security
- Lower job security and possible redundancies ✓
- Increased pension benefits
- More government support
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Worksheet
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Lesson Details
Key learning points
- Globalisation has increased foreign direct investment in the UK.
- Free-trade policies have increased foreign direct investment in the UK.
- Privatisation has increased foreign direct investment in the UK.
- TNCs play a significant role in the UK economy.
Common misconception
The UK should be cautious of FDI and TNCs.
FDI and TNCs are crucial aspects of international business. Without FDI many businesses would not be able to operate.
Keywords
Fdi - foreign direct investment. Investment in a business that operates in another country
Tnc - transnational corporation. A company that operates in more than one country
Globalisation - an increased connectedness between different countries that spreads money, ideas, goods and people
Free trade - trade between countries or economic regions where no tariffs (tax) exist on imported or exported goods
Privatisation - the takeover of state-run industries by private corporations
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