Nov 2024
How far do you agree that the impacts of trade are positive for both exporting
and importing countries? (20)
Intro:
An exporting country is one that sells goods and services e.g.
cars and an importing country is one that buys goods and
services. There are many impacts (both positive and
negative) for importing and exporting countries. In this essay I
will explore the notion that the impacts of trade are positive
for both sets of countries.
Para 1:
Point – Importing products can be negative for a country
where high tariffs are concerned and the domestic industry
isn’t established.
Evidence - Trump’s 145% tariffs on China’s products.
Explanation – Protecting US industries being undercut from
foreign goods. However, this trade agreement may fail as
China have reciprocated with 125% tariffs on US goods.
Goods become expensive and it may discourage trade with
other countries. US may not be able to cope with the demand
due to sectoral shift. A lot of manufacturing has moved to
MICs e.g. China and the US has de-industrialised.
Link – Therefore, importing products is not always positive for
a country as prices could become expensive.
Para 2: Importing products can offer a diverse range of
products.
Point – Bananas and coffee imported (not naturally found or
grown in the UK)
Evidence – In 2024, £548 million worth of bananas from the
Caribbean.
Explanation – Offer a diverse range of fruit to the UK all year
around.
Link – This is a positive to the UK population, but also they
can re-sell to other countries e.g. they exported 824 k of
bananas to Ireland, France, Canada, Netherlands and UAE.
Para 3:
Point - Exporting products can generate money for a country’s
economy and sell a product/service that the country may
have an abundance of. You may be able to have a monopoly
on the price of it.
How far do you agree that the impacts of trade are positive for both exporting
and importing countries? (20)
Intro:
An exporting country is one that sells goods and services e.g.
cars and an importing country is one that buys goods and
services. There are many impacts (both positive and
negative) for importing and exporting countries. In this essay I
will explore the notion that the impacts of trade are positive
for both sets of countries.
Para 1:
Point – Importing products can be negative for a country
where high tariffs are concerned and the domestic industry
isn’t established.
Evidence - Trump’s 145% tariffs on China’s products.
Explanation – Protecting US industries being undercut from
foreign goods. However, this trade agreement may fail as
China have reciprocated with 125% tariffs on US goods.
Goods become expensive and it may discourage trade with
other countries. US may not be able to cope with the demand
due to sectoral shift. A lot of manufacturing has moved to
MICs e.g. China and the US has de-industrialised.
Link – Therefore, importing products is not always positive for
a country as prices could become expensive.
Para 2: Importing products can offer a diverse range of
products.
Point – Bananas and coffee imported (not naturally found or
grown in the UK)
Evidence – In 2024, £548 million worth of bananas from the
Caribbean.
Explanation – Offer a diverse range of fruit to the UK all year
around.
Link – This is a positive to the UK population, but also they
can re-sell to other countries e.g. they exported 824 k of
bananas to Ireland, France, Canada, Netherlands and UAE.
Para 3:
Point - Exporting products can generate money for a country’s
economy and sell a product/service that the country may
have an abundance of. You may be able to have a monopoly
on the price of it.
