1.1 The global pandemic has led to a decrease in globalisation across the world. What are the consequences of decreased globalisation for developed countries and for developing countries? What are some advantages of globalisation that developed and developing countries are losing out on due to the pandemic?

1.2 Explain the theories underlying mercantilism and discuss whether those theories can be applied to the Chinese economy.

1.3 Highlight advantages and/or disadvantages of multinational corporations for the host country. Show how China can be impacted by the MNCs decreasing their dependence on China.