Year 10 GCSE Economics - PowerPoint PPT Presentation

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Year 10 GCSE Economics

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Year 10 GCSE Economics Globalisation / Migration and the UK economy Key terms Globalisation increased trade between different countries Migration people ... – PowerPoint PPT presentation

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Title: Year 10 GCSE Economics


1
Year 10 GCSE Economics
  • Globalisation / Migration and the UK economy

2
Key terms
  • Globalisation increased trade between different
    countries
  • Migration people moving jobs from one
    country/region to another
  • Mobility of labour how able workers are to
    change jobs
  • Immigration going to work in another country
  • Emigration leaving own country to work in
    another

3
Benefits of globalisation for the UK labour market
  • Job creation
  • Lower labour costs and consequent unit costs
  • Leads to lower selling price
  • Increased competitiveness
  • Fills gaps in skills-shortage areas
  • Can lead to increased exports

4
Drawbacks of globalisation for the UK labour
market
  • Low-skilled jobs are lost
  • Affects certain regions of the UK eg
    manufacturing
  • Can lead to lower wages for workers on more
    widespread scale
  • Unemployment
  • Social problems resentment from British workers

5
Wipeout Challenge!
Migration
6
New knowledge and skills
Depresses wages
Increases number of consumers
Possible language barriers
Values
1
10
2
20
Displaces low-skilled UK workers
Reduces wage inflation
Increases competitive-ness
Reduces unemploy-ment in recessions
3
30
4
40
5
50
6
60
Increases strain on social services
Increases diversity of country
Helps fill vacancies for low-skilled jobs
Increases number of produces
7
70
8
80
9
90
Valuable skills are lost
Fills skills gaps in the labour market
Helps battle UKs aging population
Possible entrepreneur- ship as young imports
of labour
10
100
11
110
Which are the POSITIVES of Immigration or
Emigration
Next
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