The Changing Shape of UK Trade

McWilliams, D. (Douglas)



One of the consequences of the move in the terms of trade against the UK is that we will have to export much more and to places much further away to pay for our essential imports. This lecture explains the likely scale of these shifts and puts them into international context. It also examines some of the consequences of a much higher ratio of traded exports to GDP than has traditionally been the case.

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Gresham College

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