IB History Topic Economic Policies & Realignment Revision Notes (HL)

IB History Topic Economic Policies & Realignment Revision Notes (HL) | RevisionDojo

Impact of Britain Joining the EEC (1973)

Britain’s entry into the EEC forced Australia and New Zealand to rethink trade relationships, economic strategies and global partnerships.
Britain redirected its economic priority toward Europe, reducing imports from Oceania.
New Zealand lost guaranteed access to British markets for dairy exports.
Australia diversified its economic partners, especially in Asia and the Pacific.
Governments invested in agricultural innovation to remain competitive globally.
The EEC shift accelerated debates about national independence and economic identity.

Case study

New Zealand’s Loss of Dairy Access to Britain (1973)

Causes and Pressures

Britain prioritized European integration over Commonwealth ties.
New Zealand depended heavily on British dairy purchases.
EEC agricultural policies restricted non-European imports.
New Zealand faced immediate economic vulnerability.
Leaders recognized the need for rapid market diversification.

Consequences and Adjustments

New Zealand deepened trade engagement with Asian markets.
Exporters shifted production toward higher-value dairy products.
The economy underwent substantial restructuring in the 1980s.
The crisis accelerated political reform, including deregulation.
New Zealand redefined its long-term economic orientation.

Definition

EEC (European Economic Community)

Trade bloc that limited market access for non-European producers.

Definition

Diversification

Expansion into new markets to reduce economic dependence.

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Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Duis aute irure dolor in reprehenderit

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Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit.

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

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Impact of Britain Joining the EEC (1973)

Britain’s entry into the EEC forced Australia and New Zealand to rethink trade relationships, economic strategies and global partnerships.
Britain redirected its economic priority toward Europe, reducing imports from Oceania.
New Zealand lost guaranteed access to British markets for dairy exports.
Australia diversified its economic partners, especially in Asia and the Pacific.
Governments invested in agricultural innovation to remain competitive globally.
The EEC shift accelerated debates about national independence and economic identity.

Case study

New Zealand’s Loss of Dairy Access to Britain (1973)

Causes and Pressures

Britain prioritized European integration over Commonwealth ties.
New Zealand depended heavily on British dairy purchases.
EEC agricultural policies restricted non-European imports.
New Zealand faced immediate economic vulnerability.
Leaders recognized the need for rapid market diversification.

Consequences and Adjustments

New Zealand deepened trade engagement with Asian markets.
Exporters shifted production toward higher-value dairy products.
The economy underwent substantial restructuring in the 1980s.
The crisis accelerated political reform, including deregulation.
New Zealand redefined its long-term economic orientation.

Definition

EEC (European Economic Community)

Trade bloc that limited market access for non-European producers.

Definition

Diversification

Expansion into new markets to reduce economic dependence.

Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

Paper 1 - The Move to Global War6 subtopics

Paper 1 - Rights and Protest6 subtopics

Paper 1 - Conflict and Intervention6 subtopics

Paper 2 - Independence Movements5 subtopics

Paper 2 - Emergence and Development of Democratic States5 subtopics

Paper 2 - Authoritarian States7 subtopics

Paper 2 - Causes and Effects of 20th Century Wars4 subtopics

Paper 2 - The Cold War: Superpower Tensions and Rivalries4 subtopics

Paper 3 - History of Europe18 subtopics

Paper 3 - History of the Americas18 subtopics

Paper 3 - History of Asia and Oceania18 subtopics

IB History Economic Policies & Realignment Notes

Impact of Britain Joining the EEC (1973)

New Zealand’s Loss of Dairy Access to Britain (1973)

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account

Impact of Britain Joining the EEC (1973)

New Zealand’s Loss of Dairy Access to Britain (1973)

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account

Paper 1 - The Move to Global War6 subtopics

Paper 1 - Rights and Protest6 subtopics

Paper 1 - Conflict and Intervention6 subtopics

Paper 2 - Independence Movements5 subtopics

Paper 2 - Emergence and Development of Democratic States5 subtopics

Paper 2 - Authoritarian States7 subtopics

Paper 2 - Causes and Effects of 20th Century Wars4 subtopics

Paper 2 - The Cold War: Superpower Tensions and Rivalries4 subtopics

Paper 3 - History of Europe18 subtopics

Paper 3 - History of the Americas18 subtopics

Paper 3 - History of Asia and Oceania18 subtopics