Following recent trade disputes in clean energy supply chains, several major trading blocs, including the United States, China, and the European Union, have implemented steep tariffs, import quotas, and local content requirements on electric vehicles, photovoltaic cells, and critical battery minerals. The International Monetary Fund (IMF) has warned that such geoeconomic fragmentation and the proliferation of trade barriers could reduce long-term global economic output by up to 7%.
Evaluate the likely impact of an increase in protectionism within green technology and strategic industries on the global economy.
13 exam-style questions on Edexcel A A Level Economics 4.1.6 Restrictions on free trade. Each one has a worked solution and a mark scheme showing where the marks go.