a) Factors influencing the pattern of trade between countries and changes in trade flows between countries:

o comparative advantage

o impact of emerging economies

o growth of trading blocs and bilateral trading agreements

o changes in relative exchange rates

Revision webinars

Watch the revision webinars to consolidate your understanding of patterns of trade:
Patterns of Trade I A Level and IB Economics
How Patterns of Trade have changed?

Comparative advantage

Explain using comparative advantage the UK's main exports. (5 marks)
Top Ten UK Exports

Developing countries influence

Assess how changes in China my influence trade patterns in the future? (10 mars)
China's tech giant Huawei plans big R&D investment in New Zealand
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How big are China's tech giants? Time to learn more about Baidu, Alibaba, Tencent and Xiaomi
How Africa is Becoming China's China
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Trading Blocs

Assess how Brexit may influnce the UK's pattern of trade. (10 marks)
UK exports to EU plunge 40 per cent in January
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UK and Australia agree post-Brexit trade deal
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Exchange rates

Assess how changes in the value of the pound could influence trade patterns for the UK. (10 marks)
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Brexit: why the pound is under pressure
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Assess why Government's of certain countries manipulate their currency to influence the patterns of trade. (10 marks)
Why Does China Manipulate its own Currency?
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