Question

Explain the imports and exports of a country's economic development. Give appropriate examples related to the apparel supply chain.

Answer 1

Answer:

Trade is recognized as a key factor for the 2030 Agenda, including poverty reduction and economic growth (Tipping and Wolfe, 2016). SDG target 17.11 aims to significantly increase the exports of developing countries, and in particular with a view to doubling the LDC’s share in global exports by 2020. Reaching this target is likely to be implausible. As will be seen below, there has not been a substantial increase in the share of exports for LDCs or for developing economies in general since 2012. The COVID-19 pandemic poses additional challenges for developing economies in fulfilling not only international trade goals but also various other SDGs.