Globalisation (Edexcel A-Level Business): Quizzes

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Growing economies
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Which countries make up the BRICS economic grouping?

Brazil, Russia, India, China, South Africa

Which countries form the MINT economic grouping?

Mexico, Indonesia, Nigeria, Turkey

What annual growth rates do emerging economies like China & India typically achieve?

5-7%

What percentage of global manufacturing output did China produce by early 2015?

Nearly 25%

What does rising average income in an emerging market typically indicate?

An expanding middle class

Which factor is NOT listed as a pillar of Factory Asia's dominance?

Government subsidies for exporters

What percentage of world GDP growth is projected to come from emerging market economies?

Approximately 70%

What share of emerging market growth will China & India account for?

Between 40-50%

How can high unemployment be interpreted positively for businesses?

Ready pool of available labor for factories

What was the UK's average manufacturing output growth in 2014?

2.8%

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