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Level C
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Level B
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Level A B3. There are many different definitions of globalisation, but most acknowledge the greater movement of people, goods, capital and ideas 1._________ which in turn is propelled by increased trade and investment. It is like moving 2._________ in a borderless world. There has always been a sharing of goods, services, knowledge and cultures 3.__________, but in recent years improved technologies and a reduction of barriers means the speed of exchange is 4.__________. Globalisation provides opportunities and challenges. Bigger markets can mean bigger profits which leads to greater wealth for 5.__________ and reducing poverty in many countries. Weak domestic policies, institutions and infrastructure and trade barriers can restrict a country's ability to 6.________. Each country makes decisions and policies that position them to maximise the benefits and minimise the challenges presented by globalisation.
B4-B10 Australia 1. _____ (BE) an example of a country that 2. _____ (BENEFIT) from globalisation, both in terms of exports (wool, wheat and minerals) and as a borrower of international capital. The standard of 3. _____ (LIVE) Australians enjoy now can be attributed to its 'open' and, therefore competitive, economy. Australia 4. _____ (LIVE) in a region surrounded by different developing countries and a significant proportion of our exports either go to, or pass through, developing countries. Through its aid program, Australia 5. _____ (PROVIDE) technical assistance, capacity building initiatives and investment, and information communication 6. ______ (TECHNOLOGY) to promote active participation in the global community. Now Australia 7. _____ (WORK) to maximise the benefits and minimise the challenges presented to developing countries by globalisation. C2 Write three arguments for and three arguments against globalization.
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