NATIONAL & GLOBAL ECONOMY:
UNDERSTANDING INTERNATIONAL TRADE
What you need to know...
- Watch the short film below and try to identify what things we may be studying in this topic (National & Global Economy)
- UK Exports & Imports?
- A Balance of Payments (BOP)?
- We have come close but the UK continues to run a BOP deficit!
- The UK is a net importer of goods but a net exporter of services (see below)
- Click here for extra information and analysis
- The importance of trade illustration (click on the image to enlarge it!)