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Identify the main benefits to free international trade

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Reference no: EM133302522

Section 1.

The Economic Importance and implications of international trade for Ireland'

- Identify the reasons why this report is being written and the issues you intend to investigate.

- Include an explanation of the terms 'international trade and open economy'

- Identify the main benefits to free international trade.

- Examine Law of Comparative advantage and Irelands main sources of comparative advantage.

- Explain the difference between balance of trade and balance of payments.

- A short summery of Irelands current "International Trade" position.

Section 2.

'Choose one developed and one less developed country and examine the areas surrounding each economy and the influence of government intervention'

- Identify the reasons why this report is being written and the issues you intend to investigate.

- Identify the type of economy existing in each country.

- Examine the differences between developed and less developed countries and the factors contributing to their development or lack of include the following areas:

- Population

- Government structures

- International Trade

- Education

- Employment

- The Firm

- The Consumer

Reference no: EM133302522

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