Question

Discuss important issues in world trade. Describe briefly the strategy adopted by India to integrate with world trade.

Answer 1

However, the main causes of poverty are stated below:

Rapidly Rising Population: ...

Low Productivity in Agriculture: ...

Under Utilized Resources: ...

Low Rate of Economic Development: ...

Price Rise: ...

Unemployment: ...

Shortage of Capital and Able Entrepreneurship: ...

Social Factors:

Answer 2

The issues in world trade include the use of data, privacy and integration of economic systems.

Explanation:

• At present, the most important issues found in world trade include regionalism and multilateralism, liberalization and globalization of foreign trade, environmental challenges, Use of e-commerce, and (EDI) electronic data interchange.

• The WTO has made bodies the checks and monitors the world trade. India has adopted some strategies that assist the industries to compete in the world market.

• India provides tax incentives for employment generation such as in rural areas and small cities.

• India has adopted a program at macroeconomic stabilization. To allow for a free atmosphere for the growth of trade.  Sustained growth is most essential thus India has made import substitution strategy.  

• India focuses on import liberalization and export orientation since the economic reforms of 1991. Abolition of licensing and tariff reduction.

Learn more about the important issues in world trade. Describe briefly the strategy adopted by India to integrate with world trade.

• brainly.in/question/6894862 answered by Brainly User.