4.1.3: Pattern of Trade

• Factor influencing Pattern of trade: A change in which country holds comparative advantage on a certain good
• Factor influencing Pattern of trade: Countries which are growing faster need to import more goods and services, as well as export more to pay for it
• Factor influencing Pattern of trade: Trading blocs between countries mean they will trade more and trade less with others
• Factor influencing Pattern of trade: If a country has a strong currency, imports are cheaper and exports are more expensive, meaning trade with others increases