Economics Tuition Singapore A Level H2 H1 Economics Tuition – International Economy

TYS N2014  (Note: This is Q1 in Section A of the Essay Paper)

In order for specialisation to be beneficial, it must be accompanied by exchange.

• Explain how benefits to the economy can arise from specialisation and exchange. [10]
• Very often these benefits are not fully achieved in domestic and international markets. Discuss the reasons for this. [15]

TYS N2013

On 14 October 2011 Premier Wen Jiabao of China called for joint international efforts to combat rising trade protectionism, which he said was damaging the world economy amid on-going global economic turbulence.

Source: China Daily, 15 October 2011

Discuss whether the use of protectionist policies can ever be justified during a period of worldwide economic recession or whether governments should follow Premier Wen’s advice and adopt a policy of greater free trade. [25]

TYS N2010

There is a general consensus among economies that protectionism is a bad thing.

• Explain why protectionism exists. [8]
• Assess the extent to which the Singapore government’s approach to international trade may need to be adjusted in response to a growth in worldwide protectionism. [17]

TYS N2009

An economist stated ‘The trend towards globalization leaves no room for protectionism.’

• Account for the trend towards globalization. [10]
• Discuss whether you agree with the economist’s view. [15]

TYS N2008

• Explain the determinants of the pattern of trade between Singapore and the rest of the world. [10]
• Discuss whether the Singapore government should change its policies for managing the balance of payments. [15]

TYS N2007

Discuss whether Singapore is among the economies that have most to gain from globalisation. [25]

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