Are patterns of trade a problem, Business Economics

Assignment Help:

Are patterns of trade a problem?

Generalising Less Developed Countries have a comparative advantage into primary products and employment intensive manufacturing; Developed Countries have the edge into capital intensive, high value and high tech added manufacturing and services.

• Problem for Imports Less Developed Countries mostly import oil, intermediate goods, consumer goods and capital goods along with high PED and YED

• Problems for Exports LDCs mostly export primary products which have low PED and YED and price volatile. Account of Exports for a higher percent of Gross Domestic Product into LDCs than into DCs.


Related Discussions:- Are patterns of trade a problem

Socio economic problems, what are the major socio economic problems of Indi...

what are the major socio economic problems of India which hamper the growth and development

Unemployment rate, In 2007, Segolene Royal, in an unsuccessful bid for pres...

In 2007, Segolene Royal, in an unsuccessful bid for president of France, says that employees who lost their jobs would obtain unemployment payments equivalent to 90% of the previou

Price elasticity of demand, QUESTION 1 (a) Explain the relationship bet...

QUESTION 1 (a) Explain the relationship between scarcity, choice and opportunity cost. (b) How is choice about the use of scarce resources made in a market economy? QUES

Define methods utilized to exercise quality control, Define three methods t...

Define three methods than could be utilized to exercise quality control and describe the advantages and disadvantages of all. Methods comprise: • Self-checking:   Rapid, ch

What are the difficulties of developing economies, What are the difficultie...

What are the difficulties of Developing Economies? Problems of Developing Economies: • Internal and external difficulties limit LDCs opportunity for development. • Les

Export, Procedure for export under deferred paymet

Procedure for export under deferred paymet

Explain the likely causes and consequences of inflation, QUESTION In se...

QUESTION In several countries recently, many people have become unemployed. Analyse the different types of unemployment in an economy. Explain the likely causes and conseque

Is structural change a problem, Is structural change a problem? Econom...

Is structural change a problem? Economies are dynamic and adapt to meet evolving consumer wants needs. This means resources are moved from use to use in response to, say, chan

Industrial economics, Discuss, using examples the economic consequences of ...

Discuss, using examples the economic consequences of a sudden monopolization of an industry that had been previously been competitive

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd