Globalisation essay question (1 Viewer)

[freshtire]

Hey all,
im new here but anywho -

im just doing some practice essays and the question is -

"Explain the impact of globalisation on the economic performance of EITHER the Australian economy OR an economy other than Australia"

it might seem like a stupid question, but what does 'economic performance' refer to? I've included the impact on economic growth, development and quality of life.

Is that right? :/

 

[Will Hunting]

There's no all-embracing definition, bro. When you hear "economic performance", you should, straight up, think economic indicators, and, furthermore, should ask yourself what they are indicating, and what trends they are illustrating. Economic indicators include international trade and financial flows, international investment, including FDI, technology, the cyclical effects of fluctuations in global economic activity, and, of course, your development indicators. This is just a brief speal, man, so if you need any greater depth, feel free to fire away with any more questions you may have