Economic Development and Living Standards
80 questions· page 1 of 8
Globalisation will have an equally beneficial effect on the standard of living in both high-income and low-income countries.
Evaluate this statement.
Globalisation will help to achieve economic growth in high-income economies and this will automatically improve living standards.
Evaluate this statement.
National income statistics are often used as a measure of the standard of living.
Consider to what extent national income statistics can be used to compare the standard of living between low-income countries and high-income countries.
Evaluate the likely impact of globalisation on a low-income country’s standard of living.
National income statistics are often used as a measure of the standard of living.
Consider to what extent national income statistics can be used to compare the standard of living between low-income countries and high-income countries.
The table below contains some key economic data for Mexico in 2020.
| Gross National Income (GNI) | 18.5 billion pesos |
|---|---|
| nominal wages | +2.8% |
| disposable income | +1.2% |
| unemployment rate | 4.2% |
| population growth rate | 1.1% |
| inflation rate | 3.4% |
Source: knoema.com
Evaluate the use of these statistics in assessing the standard of living in Mexico in 2020.
Assess the impact of globalisation on the standard of living in low-income countries.
To what extent do you agree that an increase in productivity will lead to a higher standard of living in low-income countries?
To what extent do you agree that an increase in productivity will lead to a higher standard of living in low-income countries?
To what extent do you agree with the view that globalisation benefits high-income countries at the expense of low-income countries?