Edexcel B Theme 3: The Global Economy

Growing economies, trade, trading blocs, protectionism and exchange rates

• 3.1.1 Growing Economies
• 3.1.2 Trade and Growth
• 3.1.3 Trading Blocs
• 3.1.4 Trade Policy and Trade Negotiations
• 3.1.5 Exchange Rate Changes

Why firms trade abroad and how they judge new markets

• 3.2.1 Conditions That Prompt Trade
• 3.2.2 Assessing the Potential of Different Economies

Global demand, glocalisation and cultural factors in global markets

• 3.3.1 Responding to Global Demand
• 3.3.2 Demand-Side Factors in Global Markets

Multinationals, ethical issues and how MNCs are controlled

• 3.4.1 The Impact of Multinational Corporations (MNCs)
• 3.4.2 Ethical Issues
• 3.4.3 Controlling MNCs

Employment patterns, wage rates and minimum wage laws

• 3.5.1 Employment Patterns
• 3.5.2 Wage Rates
• 3.5.3 Minimum Wage Legislation

Poverty, inequality and redistributing income and wealth

• 3.6.1 Poverty and Inequality
• 3.6.2 Reducing Poverty
• 3.6.3 The Impact of Inequality on Economic Agents
• 3.6.4 Redistribution of Income and Wealth