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Globalisation: causes, consequences and impact on developed and developing economies
Practice Questions

20 CIE IGCSE Economics questions on Globalisation: causes, consequences and impact on developed and developing economies, each with instant feedback and a full examiner-style mark scheme.

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Question 1 · 1 mark · Difficulty 1/3

What is meant by the term 'globalisation'?

  1. The increase in international trade, investment and cultural exchange between countries
  2. The policy of protecting domestic industries from foreign competition
  3. The movement of workers from rural to urban areas within a country
  4. The process of governments reducing taxation on businesses
Show answer & explanation
✓ Answer: A — The increase in international trade, investment and cultural exchange between countries
Award 1 mark for identifying globalisation as the increasing integration of economies through trade, investment and cultural links. B is incorrect — this describes protectionism, which opposes globalisation. C is incorrect — this describes internal migration/urbanisation, not globalisation. D is incorrect — tax reduction is a domestic fiscal policy, not a definition of globalisation.
Question 2 · 1 mark · Difficulty 1/3

Which of the following is a cause of globalisation?

  1. The introduction of trade embargoes between countries
  2. The reduction of international transport costs
  3. The increase in nationalistic economic policies
  4. The decrease in foreign direct investment flows
Show answer & explanation
✓ Answer: B — The reduction of international transport costs
Award 1 mark for recognising that lower transport costs make international trade more viable, promoting globalisation. A is incorrect — embargoes restrict trade and reduce globalisation. C is incorrect — nationalistic policies typically oppose globalisation through protectionism. D is incorrect — reduced FDI would slow globalisation, not cause it.
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CIE IGCSE Economics: Globalisation: causes, consequences and impact on developed and developing economies FAQ

How many CIE IGCSE Economics questions on Globalisation: causes, consequences and impact on developed and developing economies are there on Kramizo?
Kramizo currently has 20 exam-board-aligned practice questions on Globalisation: causes, consequences and impact on developed and developing economies for CIE IGCSE Economics, with new questions added every week. Each question gives you instant feedback and a full examiner-style mark scheme that tells you exactly what would earn marks on a real CIE paper. The questions span the full difficulty range — from straightforward recall (level 1) right up to multi-step reasoning and evaluation (level 3) — so the bank works for first-pass revision and final exam-week stress testing alike.
Is Kramizo free for CIE IGCSE students preparing for Economics?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Globalisation: causes, consequences and impact on developed and developing economies practice with other Economics topics or even switch to a totally different CIE subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Globalisation: causes, consequences and impact on developed and developing economies questions aligned to the official CIE IGCSE Economics syllabus?
Every question is written against the published CIE IGCSE Economics specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CIE paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CIE.
How is Globalisation: causes, consequences and impact on developed and developing economies typically tested on CIE IGCSE Economics papers?
Globalisation: causes, consequences and impact on developed and developing economies appears across multiple question types on real CIE IGCSE Economics papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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