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JC Economics Tuition Notes

H2 Economics Only

In this Macroeconomic topic of Globalisation, our economics tuition will analyse the economic integration of goods and services, labour and capital. Globalisation will impact developed and developing economies differently based on their distinctive features. While there are some benefits to be gained from the onset of globalisation, the adverse impacts may undermine the economies, such as the occurrence of structural unemployment and inflationary condition. Therefore, it is imperative for governments to be aware of this widespread phenomenon to be more prepared for the harmful implications, whilst seeking to attain the gains of Globalisation.

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