In the early 1970s, the USA, Germany and Japan accounted for over one-third of
world trade but, by the 1990s, global trade had become more diversified. By 2012,
China was the world’s second largest trading country after the USA.
Assess the factors that may cause changes in a country’s pattern of trade with
other countries. (20 Marks)
Plan
Introduction - definitions
3 analysis points
2/3 evaluation
Conclusion
You could possibly include the following:
Trade Blocs
Currency movements
Terms of trade
Globalisation
Transport Costs
MNCs
WTO
Exploit comparative advantage/specialisation
Collapse of communism
Isolationism (relatively new - BREXIT?TRUMP)
Political stability
FDI - Towards East/Asia/Africa
Tariffs & Quotas
The search for new resources - Africa/South America
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