SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

Economics A Level

» Start this Course
(Practice similar questions for free)
Question:

Overall, do WTO and Trading Blocs prevent Development in Developing Nations?

Author: go kys



Answer:

-Developing Nations may be not allowed to Protect Infant Firms due to WTO Policies. This can make it hard for Nations to diversify from agriculture and essential Development. May even Prevent Worldwide Improvements in Efficiency due to a lack of Specialisation -Free Trade however has allowed China, India, Vietnam, South Korea, Brazil, Bangladesh, and more to Rapidly Develop. It depends really on more than just Free Trade


0 / 5  (0 ratings)

1 answer(s) in total

Author

go kys
go kys