Globalisation — common mistakes

When evaluating the impact of globalisation on LDCs, avoid making sweeping statements. Use phrases like 'the effect depends on...' and consider factors such as the country's policies, its level of development, and the specific industries involved.

In 'discuss' or 'evaluate' questions, explicitly identifying the 'winners' and 'losers' is a high-level skill. Structure your answer around these groups to provide a balanced and nuanced argument.

No, that's a common misconception. While increased trade in goods and services is a central feature, globalisation is a much broader concept. It also includes the massive cross-border movement of capital (FDI and financial flows), the migration of labour, and the global diffusion of technology, information, and culture.

Not entirely. Historians point to earlier periods of significant international integration, such as the late 19th century. However, the current phase of globalisation is distinct due to its speed, scale, and depth, driven by modern digital technology and communications which allow for instant global coordination in a way that was previously impossible.

No, the benefits are not automatic. While globalisation offers the potential for growth by opening up markets and facilitating investment, the actual outcome depends heavily on a country's domestic policies and institutions. Countries with good governance, strong education systems, and effective infrastructure are much better placed to harness the benefits and mitigate the risks than those without.