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Read Item K below and answer the question that follows - AQA - A-Level Sociology - Question 17 - 2021 - Paper 2
Question 17
Read Item K below and answer the question that follows. Item K Globalisation can lead to opportunities for some developing countries to start new industries. It ca... show full transcript
Worked Solution & Example Answer:Read Item K below and answer the question that follows - AQA - A-Level Sociology - Question 17 - 2021 - Paper 2
Step 1
Analyse two ways in which globalisation may bring about economic changes in developing countries.
Answer
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New Industries: Globalisation creates opportunities for developing countries to establish new industries, often through foreign investment and technological transfer. For example, a country with a favorable climate for agriculture may attract foreign companies to invest in food production. This can lead to job creation and an increase in local production capabilities. Furthermore, local entrepreneurs can also gain access to global markets, improving their economic conditions.
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Employment Opportunities: As global companies establish themselves in developing countries, they often offer employment opportunities to local populations. This can lead to increased income levels and improved standards of living. Employees may gain skills and training, enhancing their ability to support their families and contributing to broader economic growth within their communities.