Trade and Globalisation Model Essays

Free A Level H2 Economics model essays on trade and globalisation by Mr Eugene Toh, with an examiner's note on what scores. Read them to see how a top answer is built, then write your own.

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• Examine whether globalisation and openness to external markets have brought advantages to Singapore's economy.[15]
• Explain the trend towards globalisation in recent years.[10]
• Discuss whether implementing protectionist measures is the most effective way to deal with unemployment and income inequality in a country such as the U.S.[15]
• Explain how Free Trade Agreements like NAFTA can lead to unemployment and greater income inequality within a country.[10]
• Discuss whether protectionism can be justified under certain economic conditions.[15]
• Explain why the pattern of trade of an economy may change over time.[10]
• Evaluate how protectionism affects nations facing trade restrictions, and discuss if it brings lasting benefits to the economy that imposes them.[15]
• Explain the potential effects of protectionism on an economy's growth, inflation, and overall standard of living.[10]
• Explain factors leading to deglobalisation in recent years.[10]
• Explain the possible impacts of export bans on both the countries that implement them and the countries that rely on those imports.[10]
• Explain the factors that might cause a country's comparative advantage to shift over time.[10]
• Evaluate the strategies a government could adopt to achieve greater self-sufficiency and assess whether, on balance, these strategies are beneficial.[15]
• Explain the trade-off between efficiency and resilience that globalisation has created in modern economies.[10]
• Explain the reasons behind the growing anti-globalisation sentiments, particularly in developed countries.[10]
• Assess whether measures aimed at correcting a trade deficit could lead to difficulties for a country's economy.[15]
• Explain the impact of a sustained trade deficit on an economy.[10]
• Discuss whether efforts by the government to correct a sustained trade deficit could be damaging to the economy.[15]
• Identify and explain factors that can contribute to a trade deficit in an economy.[10]
• Explain why it is important for a government to avoid running a large and prolonged trade surplus or deficit.[10]
• Evaluate the potential effects of China's push for sustainable economic growth on its balance of payments.[15]
• Evaluate how a rise in foreign direct investment might affect Singapore's economic performance.[15]
• Explain the factors that led to Singapore receiving the highest FDI inflows in the Southeast Asia region.[10]
• Discuss whether a depreciation of currency would be of overall benefit to an economy.[15]
• In view of the rising anti-globalisation sentiments globally, assess the measures that the Singapore government can adopt to sustain its global competitiveness.[15]
• Explain why anti-globalisation sentiments have gained momentum in various parts of the world, particularly in developed economies.[10]
• Discuss the policies the Singapore government can adopt to maintain a healthy balance of trade.[15]
• Explain why a government should avoid a large and persistent balance of trade surplus and deficit.[10]

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