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Cambridge IGCSE Economics

6International trade and globalisation

International trade and globalisation in Cambridge IGCSE Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Topic167 practice questions9 lessons

In this topic

Lessons

  • Foreign exchange rates: appreciation and depreciation

    40 min

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  • Globalisation: causes and effects

    30 min

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  • Home and foreign trade and specialisation by country

    30 min

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  • Why countries trade: absolute and comparative advantage

    35 min

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  • The balance of trade and the current account

    35 min

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  • Current account deficits and surpluses: causes, effects and policies

    40 min

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  • Free trade: meaning, advantages and disadvantages

    30 min

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  • Multinational companies: features, benefits and costs

    30 min

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  • Protectionism: methods, reasons and consequences

    40 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

International trade and globalisation: sample question

1 mark

Money sent home to Zimbabwe by Zimbabweans working in South Africa is recorded in the current account as

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