Globalisation - Evaluating Benefits and Costs

This is a streamed version of a colour coded answer to a past exam question on the economics of globalisation.

Exam hint:

The impact of globalisation will be different in different countries depending on how well integratedthey are in the world economy and also whether they have the factor resourcesthat allow them to gain from globalisation. When evaluating the impacts of globalisation, look at the effects on a case by case basis. Some nations are more open to trade and investmentthan others and are at different stages of their economic development.