Unit 4 Recap

1. EC04 International Trade

3. China becomes 2 nd largest GDP economy

5. GDP per capita Global info

9. Syllabus states that you need to be aware of the potential impact of China & India on world trade patterns & possible reaction of developed economies

10. UK’s top export & import markets 2007 What is the overall % of UK exports to the top 10 countries? What is the overall % of UK imports to the top 10 countries? To what extent does the UK concentrate on trade with so few partners? Is this a good or bad situation for the UK? 3.2 Spain 10 2.2 Sweden 10 3.4 Ireland 9 3.0 China 9 4.0 Italy 8 4.2 Italy 8 4.3 Norway 7 4.5 Spain 7 4.6 Belgium-Luxemburg 6 5.4 Belgium-Luxemburg 6 6.6 France 5 6.8 Netherlands 5 7.0 Netherlands 4 8.1 Ireland 4 7.8 China 3 8.2 France 3 7.8 USA 2 11.2 Germany 2 13.5 Germany 1 14.6 USA 1 % of total imports % of total exports Import markets Export markets

11. Article to read… part of HWK Answer Q’s at end of handout…