1. International Trade and Economic Growth
... export growth. The growth of the economy many precede trade growth. • Some flourishing industries can be achieved from the accumulation of human capital, cumulative production experience, technology transfer from abroad through licensing or direct investment, or physical capital accumulation. • These industries can increase production with higher economic growth without relating to any export promoting incentives. They will also turn ... production and no growth. 5) Trade stimulates competition between companies and again there is more effectiveness in the economy. 6) If there was n...
- Word Count: 1844
- Approx Pages: 7
- Grade Level: Undergraduate