Year 13 - Globalization - Summer work

Masden Pirie, President of the Adam Smith Institute, sets out the free market case for Globalisation:

https://www.youtube.com/watch?v=shepp7De_4o

Stephen King was the chief economist at HSBC from 1998 to 2015. He now says 'Western led globalization is in big trouble. We may be witnessing the collapse of the post-war international economic and political order'. HARDtalk's Stephen Sackur asks him why he thinks globalization could go into reverse and what damage could be done to economies across Europe and the United States.

http://www.bbc.co.uk/programmes/p0555kpv

Assess two factors causing deglobalization?

Discuss the benefits and costs of globalization?

Evaluate the consequences of de-globalization?

Further to the above is the issue concerning the 'Economic of Happiness':


https://www.youtube.com/watch?v=pyQaUDLW6ts


Apply the above to a Developed economy (UK/USA/S Korea) and a Developing country (BRICS, MINT, LEDC - e.g. Ethiopia).