Pearson Edexcel · A-Level · Economics B
Course version: 9EB0 · Version from Sept 2015
A) Growing economic power of: o Asia (China and India) o Africa o other…
Full specification wording
Growing economies: a) Growing economic power of: o Asia (China and India) o Africa o other emerging markets
The global economy is experiencing a significant shift in economic power towards emerging markets.
Checked against the Pearson Edexcel 9EB0 specification (opens in a new tab) on .
- Point 1 of 5
- 4 key terms
Study notes
From the checked teaching notes for this specification point.
The idea
The global economy is experiencing a significant shift in economic power towards emerging markets. Asia, particularly China and India, has driven this change through rapid industrialisation, vast populations, and increasing foreign direct investment (FDI). China has transitioned towards high-tech manufacturing and services, while India excels in IT and software services. Africa's economic power is also growing, fuelled by abundant natural resources, improving infrastructure, and a rapidly expanding, youthful demographic that attracts global investors. Other emerging markets, such as Brazil and Mexico, contribute to this shift by developing robust manufacturing bases and expanding their middle classes, altering global trade dynamics.
What earns the marks
- Identify China and India as key drivers of Asian economic growth through manufacturing and services.
- Recognise Africa's growth potential linked to demographic dividends and natural resource wealth.
- Explain how emerging markets increase their share of global GDP and influence international trade.
- Understand the role of foreign direct investment (FDI) in accelerating the economic power of these regions.
Common mistakes and how to put them right
Assuming all African nations are experiencing identical rapid economic growth.
Put it right: Recognise that Africa is a diverse continent with varying growth rates; countries like Nigeria and Kenya often lead, while others face stagnation.
Believing emerging markets only export primary commodities.
Put it right: Understand that countries like China and India are major exporters of manufactured goods and high-value services.
Confusing emerging markets with developing economies that have low growth.
Put it right: Emerging markets are characterised by rapid industrialisation, high growth rates, and increasing integration into the global economy.
Exam tips
- Use specific country examples, such as India's IT sector or China's infrastructure projects, to illustrate the growing power of Asia.
- When analysing Africa, mention the impact of a growing, youthful population on future labour markets and consumer demand.
- Be prepared to interpret data showing shifts in global GDP shares from developed to emerging economies.
Try the lesson
The start of the Growing economies: a) Growing economic power of: o Asia (China and India) o Africa o other emerging markets lesson, made from checked teaching notes for this specification point.
Have a go first
Which of the following best describes a key driver of the growing economic power of emerging markets such as China and India?
Listen
The global economy is experiencing a significant shift in economic power towards emerging markets. Asia, particularly China and India, has driven this change through rapid industrialisation, vast populations, and increasing foreign direct investment (FDI). China has transitioned towards high-tech manufacturing and services, while India excels in IT and software services. Africa's economic power is also growing, fuelled by abundant natural resources, improving infrastructure, and a rapidly expanding, youthful demographic that attracts global investors. Other emerging markets, such as Brazil and Mexico, contribute to this shift by developing robust manufacturing bases and expanding their middle classes, altering global trade dynamics. A strong answer earns marks for these points. Identify China and India as key drivers of Asian economic growth through manufacturing and services. Recognise Africa's growth potential linked to demographic dividends and natural resource wealth. Explain how emerging markets increase their share of global GDP and influence international trade. Understand the role of foreign direct investment (FDI) in accelerating the economic power of these regions. A common slip: Assuming all African nations are experiencing identical rapid economic growth. Instead, Recognise that Africa is a diverse continent with varying growth rates; countries like Nigeria and Kenya often lead, while others face stagnation. Exam tip: Use specific country examples, such as India's IT sector or China's infrastructure projects, to illustrate the growing power of Asia.
See it
Key words
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Emerging markets
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Foreign direct investment (FDI)
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International trade
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Economic growth
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See every definition
- Emerging markets
- Markets characterised by rapid industrialisation, high growth rates, and increasing integration into the global economy.
- Foreign direct investment (FDI)
- Investment that accelerates the economic power of regions such as Asia and Africa.
- International trade
- Global trade dynamics altered as emerging markets increase their share of global GDP.
- Economic growth
- Growth driven by factors such as abundant natural resources, improving infrastructure, and a rapidly expanding, youthful demographic.
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