Economy, asked by soniagulhati1976, 2 months ago

explain the impact of international trade on economic development of an underdeveloped country

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Answered by shashanksingh9062005

2

Foreign Trade helps in Breaking Vicious Circle of Poverty: ... But, international trade enables underdeveloped countries to produce more of those goods in which they enjoy greater comparative advantage. Consequently, production, income and employment in these countries increase leading to increase in demand.

Answered by 325103soumyadalakoti

0

Explanation:

Foreign Trade helps in Breaking Vicious Circle of Poverty: ... But, international trade enables underdeveloped countries to produce more of those goods in which they enjoy greater comparative advantage. Consequently, production, income and employment in these countries increase leading to increase in demand.

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