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# Evaluate macroeconomic policies that could be used to increase international competitiveness in the UK’s export markets
- URL: https://www.a-level-economics-tutor.com/evaluate-macroeconomic-policies-that-could-be-used-to-increase-international-competitiveness-in-the-uks-export-markets/
- Published: 2026-05-12T14:07:13.000Z
- Updated: 2026-05-12T14:07:13.000Z
- Author: Jaisul Naik
- Tags: Edexcel 25 Mark Question

### Edexcel A-Level Economics 25 Mark Question

In 2022 the value of UK exports fell by 14% compared with 2020\. In contrast, the global average increase in exports was 8.2% over the same time period. The UK’s competitiveness also fell, dropping five places from 18th in 2021 to 23rd in 2022 in the world competitiveness rankings. **Evaluate macroeconomic policies that could be used to increase international competitiveness in the UK’s export markets.** (June 2023)

**Plan**

- **Paragraph 1**
  - **Argument: one policy to increase competitiveness is lower interest rates**
  - **Diagram: exchange rates diagram**
  - **Evaluation: lower interest rates can also cause inflation, which can reduce competitiveness**
- **Paragraph 2**
  - **Argument: another policy to increase competitiveness is supply-side policies**
  - **Diagram: right shift in LRAS**
  - **Evaluation: time lag and cost**
- **Conclusion: lack of control over exchange rates means that it is important to plan ahead with supply side policies**

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