How can international trade influence economic development

Reference no: EM131917655

Problem

1. Why might the static gains from trade for the developing country differ from those experienced by industrialized countries?

2. How can international trade influence economic development positively over time?

3. The analysis in this book has heretofore indicated that all participating countries gain from international trade. If this is so, why do some observers argue that trade can actually contribute to underdevelopment in LDCs?

Reference no: EM131917655

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