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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1304 |
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International trade provides imports of commodities at lower cost, as well as imports of capital, know-how, and entrepreneurship. Insofar as international trade can be relied upon for growth, opening up to international trade and exporting should accelerate development. (Frank J. Macchiarola; 2003)
According to neoclassical economic theory, international trade would largely eliminate the handicaps of countries with limited natural resources or those in lower developmental stages...
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(Frank J. Macchiarola; 2003)
According to neoclassical economic theory, international trade would largely eliminate the handicaps of countries with limited natural resources or those in lower developmental stages. It is through international trade that developmental opportunities would be more widely distributed across the world...
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