Between 2010 and 2023, South-South trade (trade between emerging and developing economies) grew from 20% to 32% of total global merchandise trade, whilst intermediate product trade expanded to constitute over 50% of global manufacturing trade.
Evaluate, using at least one appropriate economic diagram, whether participation in global value chains (GVCs) through international trade yields greater long-term economic development and growth 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.