Reference no: EM132872868
Answer the following questions
1. With reference to international trade, summarize the negative consequences of trade liberalization in developing countries
2 explain six disadvantages of adopting an import substitution strategy to correct balance of payment deficits in these countries
3. Explain the roles that the international monetary fund does in the economies of the third world countries
4. Distinguish between a tariff and a quota
5. Give seven reasons why national debt management is a salient policy issue in developing countries
6. State five criticisms of the marginal productivity theory of wage determination
7. Enumerate four determinants for labour in an economy
8. country x has experienced a high inflation rate over the past one year.
Highlight the negative effects of the high inflation on the economy of the country x
9. examine six policy measures that could be adopted to minimize unemployment in developing countries
10. wage differentials exist both between occupations and within the same occupation. Discuss the factors responsible for the wage differentials
11. Explain the five advantages of implementing export promotion strategies in the developing countries.
12. Discuss the positives and negatives of regional economic integration by developing countries and states.
13. Discuss three ways in which a country could build up its foreign exchange reserves
14. Analyze five measures that could be adopted by a developing country to promote export of goods and services
15. Discuss the role played by the international monetary fund (IMF) in the developing countries and states