IGCSE Development Studies: Specimen Questions with Answers 44 - 45 of 98

Passage

Understand by Globalization

Question 44 (2 of 8 Based on Passage)

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State 2 advantages and disadvantages of Globalization

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Explanation

Advantages of Globalization

  • It helps other countries share information about technological developments to developing countries.
  • Globalization makes the economy of one country dependent on the economy of other countries.

Disadvantage of Globalization

  • Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor
  • Corporate influence of nations states far exceeds that of civil society organizations and average individuals.

Question 45 (3 of 8 Based on Passage)

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“Practice of hiring a company outside the company to carry out tasks and services and produce goods in the similar manner as it was performed by the company՚s own employees.” Explain the statement.

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Explanation

“Practice of hiring a company outside the company to carry out tasks and services and produce goods in the similar manner as it was performed by the company՚s own employees.”

The above statement explains about outsourcing. Outsourcing is defined as a process of transfer of complete business which was traditionally operated and managed internally to an independently external service provider.

It includes:

  • Complete Transfer of all associated internal business process activities.
  • When outsourced, the people, equipment, technology, facilities, and other assets are not maintained internally by the organization.