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New
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Year 10
Edexcel B

Economic impacts of globalisation

I can assess how FDI and TNCs have affected the UK.

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New
New
Year 10
Edexcel B

Economic impacts of globalisation

I can assess how FDI and TNCs have affected the UK.

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Lesson details

Key learning points

  1. Globalisation has increased foreign direct investment in the UK.
  2. Free-trade policies have increased foreign direct investment in the UK.
  3. Privatisation has increased foreign direct investment in the UK.
  4. 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.


To help you plan your year 10 geography lesson on: Economic impacts of globalisation, download all teaching resources for free and adapt to suit your pupils' needs...

Students can look into the origin of an international brand they know well and see when and how it became a TNC.
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This content is © Oak National Academy Limited (2025), licensed on Open Government Licence version 3.0 except where otherwise stated. See Oak's terms & conditions (Collection 2).

Lesson video

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6 Questions

Q1.
What is globalisation?
The movement of people across borders
Correct answer: The process of businesses operating globally
The creation of a single national currency
The increase in local industries
Q2.
Which of the following cities has the largest population in the UK?
Manchester
Birmingham
Correct answer: London
Liverpool
Q3.
Which of these regions in the UK has the lowest population density?
South East England
London
West Midlands
Correct answer: Scotland
Q4.
How has migration affected the population of the UK?
Correct answer: Increased cultural diversity
Decreased the population
Led to rural depopulation
Caused unemployment to rise
Q5.
What is the trend in population movement within the UK?
People are moving from cities to rural areas.
People are increasingly migrating to coastal towns.
Rural areas are becoming more densely populated.
Correct answer: There is a trend of urbanisation, with more people moving to cities.
Q6.
Which of these is a key economic sector driving growth in many UK cities?
Correct answer: Financial services
Manufacturing
Fishing
Agriculture

5 Questions

Q1.
How has globalisation impacted manufacturing in the UK?
Increased domestic manufacturing jobs
Reduced outsourcing of jobs to other countries
Correct answer: Many manufacturing jobs have moved abroad
New industries were created in rural areas
Q2.
Which of the following is a positive economic effect of globalisation in the UK?
Loss of local jobs
Decline in international trade
Correct answer: Increased foreign direct investment
More regional economic disparities
Q3.
What does free trade mean?
Trade controlled by government policies
Trade only within the European Union
Trade that only benefits one country
Correct answer: Trade with no restrictions or tariffs
Q4.
Why should the UK embrace Foreign Direct Investment (FDI) and Transnational Corporations (TNCs)?
TNCs only benefit developing countries, not the UK.
FDI and TNCs are harmful to the UK’s economy.
FDI is unnecessary as the UK has enough domestic capital.
Correct answer: FDI and TNCs can provide essential investment and create jobs.
Q5.
What is one effect of privatisation on workers in a state-owned company?
Higher wages and job security
Correct answer: Lower job security and possible redundancies
Increased pension benefits
More government support