Between 2000 and 2023, global trade in digitally deliverable services grew at an average annual rate of 7.2%, outstripping the 4.5% annual growth in physical merchandise trade. Emerging market economies increased their share of these global service exports from approximately 12% to 27%, while advanced economies continue to dominate high-value intellectual property and financial services, retaining a 73% share.
Evaluate, using at least one appropriate economic diagram, whether the growth of international trade in services yields greater long-term economic benefits for emerging market economies than for advanced economies.
14 exam-style questions on OCR A Level Economics International trade. Each one has a worked solution and a mark scheme showing where the marks go.