Economic impacts of globalisation
Lesson details
Learning outcome
I can assess how FDI and TNCs have affected the UK.
Key learning points
- Globalisation has increased foreign direct investment in the UK.
- Free-trade policies have increased foreign direct investment in the UK.
- Privatisation has increased foreign direct investment in the UK.
- TNCs play a significant role in the UK economy.
Keywords
FDI - foreign direct investment. Investment in a business that operates in another country
TNC - transnational corporation. A company that operates in more than one country
Globalisation - an increased connectedness between different countries that spreads money, ideas, goods and people
Free trade - trade between countries or economic regions where no tariffs (tax) exist on imported or exported goods
Privatisation - the takeover of state-run industries by private corporations
Common misconception
The UK should be cautious of FDI and TNCs.
FDI and TNCs are crucial aspects of international business. Without FDI many businesses would not be able to operate.
Teacher tip
Students can look into the origin of an international brand they know well and see when and how it became a TNC.
Licence
Lesson video
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Prior knowledge starter quiz
6 Questions
Q1.What is globalisation?
Q2.Which of the following cities has the largest population in the UK?
Q3.Which of these regions in the UK has the lowest population density?
Q4.How has migration affected the population of the UK?
Q5.What is the trend in population movement within the UK?
Q6.Which of these is a key economic sector driving growth in many UK cities?
Assessment exit quiz
5 Questions
Q1.How has globalisation impacted manufacturing in the UK?
Q2.Which of the following is a positive economic effect of globalisation in the UK?
Q3.What does free trade mean?
Q4.Why should the UK embrace Foreign Direct Investment (FDI) and Transnational Corporations (TNCs)?
Q5.What is one effect of privatisation on workers in a state-owned company?
To help you plan your 10 geography lesson on: Economic impacts of globalisation, download all teaching resources for free and adapt to suit your pupils' needs...
To help you plan your 10 geography lesson on: Economic impacts of globalisation, download all teaching resources for free and adapt to suit your pupils' needs.
The starter quiz will activate and check your pupils' prior knowledge, with versions available both with and without answers in PDF format.
We use learning cycles to break down learning into key concepts or ideas linked to the learning outcome. Each learning cycle features explanations with checks for understanding and practice tasks with feedback. All of this is found in our slide decks, ready for you to download and edit. The practice tasks are also available as printable worksheets and some lessons have additional materials with extra material you might need for teaching the lesson.
The assessment exit quiz will test your pupils' understanding of the key learning points.
Our video is a tool for planning, showing how other teachers might teach the lesson, offering helpful tips, modelled explanations and inspiration for your own delivery in the classroom. Plus, you can set it as homework or revision for pupils and keep their learning on track by sharing an online pupil version of this lesson.
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