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Economics A Level (DONEEEEEEE)

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Question:

Overall, give the UK Pattern of Trade since 2000

Author: eric_galvao



Answer:

The general Pattern is that Exports have fallen and Imports have rose -The Decline in British Exports can be seen in similarities with most other Industrialized Nations and is due to the Competition arising from Emerging Nations like China -UK Imports have risen, due to goods being more Cheaper abroad from less Developed Nations. But also other factors too: Germany is the UK's Biggest Importer. -UK Exports to Emerging Nations like China, whose Economies are Quickly Rising, are Growing Fast. But as a % of GDP, it is roughly 5%


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