Trading relationships between large economies (USA, EU), emerging economies (China, India) and smaller less developed economies
Different countries trade with each other on very unequal terms. Large, wealthy economies hold far more power in those relationships than smaller, poorer ones.
Real World
The EU charges import tariffs of up to 36% on rice from developing nations while subsidising European farmers through the Common Agricultural Policy, making it nearly impossible for West African rice farmers to compete in European markets.
Exam Focus
Use named trade blocs or agreements as evidence; vague references to 'rich countries' will not access the top mark band.
Essay Framework
Use PEEL to structure every paragraph. Tap each step for guidance and an example.
How well did you know this?