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Theme 3: Impact of Globalisation on Local and National Economies
infoWhy this? Impact of Globalisation on Local and National Economies is taught because it develops an understanding of how multinational corporations influence economic activity, employment, living standards, and development in different countries. Students explore the benefits and drawbacks of multinational business activity, including its effects on local communities, government revenues, consumers, and economic growth. Impact of Globalisation on Local and National Economies also encourages students to evaluate ethical issues and consider how governments, pressure groups, and businesses can respond to the challenges created by globalisation.
scheduleWhy now? Impact of Globalisation on Local and National Economies is taught after Impact of Globalisation on Global Companies because students have already examined how firms expand internationally and adapt to global markets. This unit broadens the focus to consider the consequences of multinational business activity for workers, communities, governments, and national economies. Impact of Globalisation on Local and National Economies develops students’ ability to evaluate globalisation from multiple perspectives and provides an important foundation for studying labour markets, inequality, and economic development later in the course.