Between 2019 and 2023, the value of Canada’s high-tech manufactured exports fell by 13.5% in real terms. Over the same period, the average increase in high-tech manufactured exports across all OECD nations was 7.2%. Canada's ranking in the global manufacturing competitiveness index also deteriorated significantly, dropping nine places from 12th in 2019 to 21st in 2023.
Evaluate macroeconomic policies that could be used to improve the international competitiveness of Canada's high-tech manufacturing export sector.
103 exam-style questions on Edexcel A A Level Economics 4.1 International economics, covering 4.1.1 Globalisation, 4.1.2 Specialisation and trade, 4.1.3 Pattern of trade, 4.1.4 Terms of trade, 4.1.5 Trading blocs and the World Trade Organisation (WTO), 4.1.6 Restrictions on free trade, 4.1.7 Balance of payments, 4.1.8 Exchange rates, and 4.1.9 International competitiveness. Each one has a worked solution and a mark scheme showing where the marks go.