Role of foreign trade in economic development.

Q: Suggestions to further improvement that country can make on implementation of best economic systems…

A: In the United States, the best monetary System is driven oftentimes by buyer spending and business…

Q: Explain population and development in the third world and criticize it

A: After the Cold War had taken place, the word Third World was coined to differentiate between the…

Q: What is Foreign Direct Investment and its positive and negative impacts on Third world development

A: Foreign Direct Investment can be explained as a form of investment from one foreign country, in…

Q: lobalization of technology and communication is the sourcing of goods from different countries to…

A: Globalization is the process by which firms expand their production in international markets.

Q: Income inequality as a result of globalization: Is rising in the industrialized and developing…

A: Globalization refers to the process of integrating one economy with other. Globalization includes…

Q: A key reason for low foreign direct investment in developing nations is: the presence of tariff and…

A: Foreign direct investment refers to the situation when foreign investors make direct investment in…

Q: Describe the effects of external borrowing to a developing country

A: Developing countries have higher growth rates than developed countries. It is because developing…

Q: How will you explain each of the basic questions on trade, development, and industry?

A: Trade is considered as one of the basic economic concepts that involve the purchasing and selling of…

Q: What three factors will determine whether a nation has a higher or lower share of trade relative to…

A: GDP which is known as Gross Domestic Product refers to the total market value of all final…

Q: Why is there a certain level of skepticism from more-developed nations (MDCs) regarding developing…

A: The growth of the nations can be categorized into two broad categories - developing and developed…

Q: In your opinion, how can we attract new foreign investors to our country in order to develop our…

A: Foreign investment refers to a situation when the individual from a foreign country invest in…

Q: Are trade restrictions necessarily bad for a developing economy? Under what circumstances are trade…

A: International commerce expands the range of products available to domestic customers, lowers the…

Q: discuss ways a developing country can increase foreign direct investment

A: In economics, foreign direct investment refers to the investment made by the foreign people in…

Q: Identify the major trade blocs in Latin America and how they are influencing development.

A: Trade bloc is defined as the intergovernmental agreement, a part of intergovernmental organization.…

Q: why countries needs economic diversification

A: Economic variety, also known as economic diversification, refers to changes in the economic status…

Q: Why do countries produce local goods when it is cheaper to import

A: The economist around the world argues that the free trade is the best for every economy as it…

Q: Compile a list of basic components of country development and describe them

A: Growth, progress, progressive impact, or the addendum of physical, economic, social, environmental,…

Q: nations that dependent on core countries for capital. are Internal areas Peripheral External areas…

A: When analyzing the nature and features of different countries, it can be seen that some of the…

Q: How reliant is Rwanda on foreign investment and aid? Has Rwanda shown to be utilizing foreign…

A: The exchange of capital, goods, and services across international borders or territory is thought as…

Q: Does a nation’s political system/structure have an impact on the nation’s economic development.

A: As a vote based system extends in developing nations, recently enabled laborers are probably going…

Q: Is trade liberalization good for developing countries? Discuss your answer.

A: Trade liberalization refers to the reduction or elimination of government regulations and/or…

Q: Which protectionist trade policy and instruments are used in developing countries and why, explain

A: The practice of adhering to protectionist trade policies is known as protectionism. By imposing…

Q: Algeria Type of economic system

A: The economic system refers to the mechanism which determines how the economic resources to be…

Q: Is trade within the US a significant component of development?

A: Trade is one of the most important component in US. It is critical for US as it is fueling economic…

Q: what are some pros and cons for International Trade from the viewpoint of the developing nation?

A: IT (international trade) refers to the transactions of commodities and services between domestic and…

Q: Aid/help in globalization

A: Globalization has always had two faces in terms of development. For proponents of globalisation, it…

Q: Large gains from trade are most likely when countries are very different. True False

A: Gains from trade- when two parties are involved in the trade and both of them get something out of…

Q: impact of globalization to human communication

A: Globalization refers to the process of economic integration of different countries. It focuses on…

Q: Which of the following helps Oman to achieve economic development? a. Increase dependency of oil and…

A: Higher dependence on oil and gas, or any specific good or service, slows down economic growth, so…

Q: To increase growth, governments should do all of the following except: encourage saving and…

A: Economic development refers to improvement in the social welfare of the population residing in a…

Q: Economic development of a country requires

A: To find : Factor for economic development of a country.

Q: benefits of increasing trade in Africa

A: Trade has a critical role to play in ending global poverty. Countries that are more open to…

Q: What are the advantages and disadvantages of global, bilateral, and regional economic integration?

A: Economic integration refers to an arrangement among nations that typically includes the elimination…

Q: An economic policy of exporting raw materials and importing manufactured goods a. develops the…

A: Ab economy can make imports or exports of any commodity based on its requirements to get products at…

Q: Which of the following is associated with direct foreign investment? A. Official Development…

A: Foreign direct investment is referred to that investment that is done by a foreign company or…

Q: Impact of international trade relations on economic development.

A: International trade is the purchasing and selling of products and services across national borders.…

Q: What are the things that a developing country should improve in order to strengthen its position in…

A: Having more money implies organizations have the assets to acquire capital, further develop…

Q: What is the work of Organisation for economic cooperation and development ?

A: The Organisation for economic cooperation and development (OECD)is the international organisation…