Global economic shifts
What Global economic shifts means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Global economic shifts
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Reference: Pearson Edexcel
Changes in growth trajectories, such as those caused by the 2008 global financial crisis and fluctuating global commodity prices.
Topics that use Global economic shifts
- Developed, emerging and developing economies (Pearson Edexcel A-Level)
Related terms
- Economic growth
- Emerging economies
- GDP per capita
- Health indicators
- Human Development Index (HDI)
- Income inequality
- Living standards
- Macroeconomic performance
Using Global economic shifts in the exam
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