This week’s topics
Types of globalisation: political, social, economic and technological
- Starting point: comparative advantage
- Political globalisation
- Social globalisation
- Economic globalisation
- Technological globalisation
What you will be able to do
- 1.2 Compare different types of globalisation.
Activity
Start with this week’s video, then discuss how they apply to this week’s topic and note one example from a real business.
Study materials
Videos
- Comparative Advantage · YouTube · Marginal Revolution University · 7 min · for registered students
Further resources
- Principles of Economics 3e, ch. 33.1: Absolute and comparative advantage · PDF · OpenStax (2022), section 33.1 on why countries gain from trade; pp. 790–795 · for registered students
- World Trade Report 2018, Executive summary: digital technologies and trade · PDF · WTO World Trade Report 2018 – a step up – on e-commerce, online platforms and digital trade; pp. 6–13 · for registered students
- Understanding the WTO, ch. 1.3: The case for open trade · PDF · WTO, a two-page plain-language explanation of why open trade raises living standards; pp. 13–14 · for registered students
- World Development Report 2020: Trading for Development in the Age of GVCs (Overview) · Open-access article · World Bank (2020), World Development Report. Accessible overview of global value chains, with case examples across industries and countries. · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
