Part 1:
(a) Discuss the impacts of globalisation on your selected country during the last decade(s) in terms of international movements of goods and services, labour, business enterprise, and investment. Any non-economic aspects of your selected country have been involved in the globalisation process. List industries which are part of the open economy and the closed economy.
(b) Calculate “Index of Openness” of your selected country during the last decade(s). Comment on the calculated figures and discuss the results.