Th4.1: Factors Influencing Pattern of Trade - Emerging Economies

Question 1

Countries grow at different rates and when they grow, they are likely to need…

Answer 1

to import more goods and services than before as well as exporting more to pay for this

Question 2

How do emerging economies shift the trade pattern?

Answer 2

by taking up a larger proportion of a country’s imports and exports than they had previously

Question 3

International trade is arguably more important for…. countries because….

Answer 3

developing countries than developed countries - it contributes towards 20% of LDC compared to 8% of the US economy

Question 4

What has the collapse of communism meant?

Answer 4

more countries, especially developing countries, are participating in world trade