Refer to Source 3A - NSC History - Question 3 - 2021 - Paper 2
Question 3
Refer to Source 3A.
3.1.1 Quote TWO pieces of evidence from the source that state that globalisation has helped developing countries.
3.1.2 Which TWO institutions,... show full transcript
Worked Solution & Example Answer:Refer to Source 3A - NSC History - Question 3 - 2021 - Paper 2
Step 1
Quote TWO pieces of evidence from the source that state that globalisation has helped developing countries.
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Answer
Globalisation promotes economic growth by opening up markets for developing countries.
It has supported investment from developed nations, which contributed to economic development.
Step 2
Which TWO institutions, according to the source, encouraged developing countries to make radical changes?
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Answer
The World Bank.
The International Monetary Fund.
Step 3
Using the information in the source and your own knowledge, explain how India and China were able to decrease poverty levels in their respective countries.
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Answer
India and China exhibited significant economic growth through the liberalisation of their economies. Both nations opened their markets to international trade, which attracted foreign investment. In China, reforms like the ‘open door policy’ resulted in impressive GDP growth and reduction in poverty levels. Similarly, India benefitted from economic reforms initiated in the 1990s, improving access to foreign markets and investment, thereby reducing poverty rates from 36% in 2005 to 22% in 2011.
Step 4
Define the term globalisation in your own words.
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Globalisation refers to the process whereby countries become more interconnected through the exchange of goods, services, and ideas, leading to increased economic integration and cultural exchange on a global scale.