Over the last decade, the composition of international trade has shifted increasingly towards high-value services, such as financial technology (FinTech), environmental consultancy, and digitally delivered professional services. For a developed economy like the UK, expanding trade relationships with rapidly growing non-EU markets is a key strategic priority, though these trade flows remain sensitive to relative inflation, exchange rates, and regulatory barriers.
Explain the reasons for changes in the value of high-value service exports from the UK to non-EU markets.
310 exam-style questions on AQA A Level Economics 2.6 The international economy (A-level only), covering 2.6.1 Globalisation, 2.6.2 Trade, 2.6.3 The balance of payments, 2.6.4 Exchange rate systems, and 2.6.5 Economic growth and development. Each one has a worked solution and a mark scheme showing where the marks go.