Edexcel Theme 4: A Global Perspective

Globalisation, trade, terms of trade, trading blocs, WTO

• 4.1.1 Globalisation
• 4.1.2 Specialisation and Trade
• 4.1.3 Pattern of Trade
• 4.1.4 Terms of Trade
• 4.1.5 Trading Blocs and the World Trade Organisation (WTO)
• 4.1.6 Restrictions of Free Trade
• 4.1.7 Balance of Payments
• 4.1.8 Exchange Rates
• 4.1.9 International Competitiveness

Absolute/relative poverty, inequality measures, policies

• 4.2.1 Absolute & Relative Poverty
• 4.2.2 Inequality

Characteristics, growth strategies, role of financial sector

• 4.3.1 Measures of Development
• 4.3.2 Factors Influencing Growth and Development
• 4.3.3 Strategies Influencing Growth and Development

Role of financial markets, market failure, regulation

• 4.4.1 Role of Financial Markets
• 4.4.2 Market Failure in the Financial Sector
• 4.4.3 Role of Central Banks

Public expenditure, taxation, macroeconomic policies

• 4.5.1 Public Expenditure
• 4.5.2 Taxation
• 4.5.3 Public Sector Finances
• 4.5.4 Macroeconomic Policies in a Global Context