International Trade (Global Economics)

Words: 313
Pages: 2
Subject: Uncategorized

The discussions on less-developed nations and the hurdles, they must overcome on both economic and socioeconomic levels as indicated by the World Bank. See the link that highlights the group of countries in this category.
You can click on a country name within the World Bank page to get more information and do your own research.http://data.worldbank.org/about/country-classifications/country-and-lending-groups#Low_income. International trade and exposure to foreign investment and relations are frequently seen as impossible for countries with limited resources. However, as we have stressed, this term trade is NOT based on absolute advantage but rather comparative. Even though a country appears to be challenged on various levels on the surface, it is not impossible to benefit from trade.

Once you have selected a country of interest, do some research regarding the country’s social, economic, political, etc., climate. Summarize your findings and comment from a strictly international trade perspective on strategies you might suggest or find plausible to help this country enter the global trading arena. Creativity is rewarded here, and this will be based on data gathering and will incorporate a significant degree of your own opinions. For instance, you might focus on how the country can access credit, loans, funding, direct investment, or social/political strategies to strengthen its credibility. There are no limits to your ideas here!

ONLY USE INFORMATION FROM THIS LINK
http://data.worldbank.org/about/country-classifications/country-and-lending-groups#Low_income

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