Economic vulnerability
What Economic vulnerability means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Economic vulnerability
Check what you remember
Read the wording for your board, then hide it and explain Economic vulnerability in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
A risk of over-specialisation, leaving a country exposed to external shocks such as sudden shifts in global demand or resource depletion.
Topics that use Economic vulnerability
- Trade and growth (Pearson Edexcel A-Level)
Related terms
- Comparative advantage
- Economic growth
- Foreign direct investment (FDI)
- International trade
- Resource allocation
- Structural unemployment
- Tariffs
- Trade liberalisation
Using Economic vulnerability in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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