Economics For Today
9th Edition
ISBN: 9781305507074
Author: Tucker, Irvin B.
Publisher: Cengage Learning,
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Chapter P1, Problem 10KC
To determine
The acceleration of the
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Course Name: Global trade
Question) Is Bangladesh a good investment? How can I invest in Bangladesh? Answer and Explain largely.
QUESTION ONE “Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Globalization also captures in its scope the economic and social changes that have come about as a result. In simple terms, globalisation is the catch-all term for the process by which items and people move across borders. From goods and services to money and technology, globalisation promotes and speeds up how we move and exchange things across the world.”In terms of the above statement, examine four (4) factors that has supported movement among countries and increased globalization.
INTERNATIONAL TRADE
Background
Imagine that you work for the World Bank and you have been called to Ghana to aid the new president to come up with a new international trade strategy.
You are told that the new government is interested in moving away from agriculture and into manufacturing. To do so, the government wants to pursuit a policy of import substitution industrialisation (ISI).
You are given a brief about Ghana highlighting the following points:
About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food.
The majority of Ghana's people live in rural areas and exist on a subsistence way of life.
Ghana has one of the highest rates of income inequality in the world.
Nearly half of the population is employed in agriculture.
QUESTION
After a meeting with Ghana’s president you learn that the government is also interested in repatriating migrants that went to European countries to study engineering a decade ago. Explain how this is…
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