Unit 4: De-Globalisation Question - Mark scheme

b) Examine the macroeconomic impact faced by a developed and a developing country of this de-globalisation trend. (30 Marks)

Here are the salient points I would include in an essay of this kind:

Define De-Globalisation

Discuss impact of less trade and rising protectionism on countries employment, inflation, current account, econ growth etc.

Issues would possibly include - rising prices due to less efficient production, trade creation within blocs, trade diversion away from developing nations, improved current account for developed, possibly worsening from developing (they tend to be exporters and this could fall), unemployment issues in developing world etc etc

The question should have some sort of comparison between the developed & developing countries. It is likely that developing would suffer more as the developed countries move toward self sufficiency.

You must use examples where appropriate - ie More protected agriculture within the EU will make it even harder for African nations to trade, the Chinese will suffer as exporting to EU & States becomes harder and more expensive. (Solar Panels)

Any comments with additions to what you might want to write will be gratefully accepted....