4.1.2- International Trade and Growth

Question 1

Imports

Answer 1

goods that are made in other countries and brought into the UK

Question 2

Exports

Answer 2

goods manufactured in the UK and sold abroad

Question 3

Specialisation

Answer 3

benefits-

• increased productivity and output (Eos)
• scale of production can be increased

downside-
-country may become over reliant on one industry, meaning risk isn’t spread

Question 4

FDI

Answer 4

Greenfield FDI- builds a new factory or business

brownfield FDI- buying an existing business and expanding it

Question 5

FDI benefits to the host country

Answer 5

• brings high paying new jobs
• brings new technology and creates new markets
• increases exports