how can industrialization assist in bringing in foreign trade?
Answers
and due to industrialization the tax for the good are much less that's how it assist in foreign trade
Explains that many factors besides trade policies contribute to the pace and character of industrial development, including a country's size, its natural resources, the skills of its people, the stability of its government and institutions and their ability to promote change, and the fiscal, monetary, and exchange rate policies that the government pursues. The fundamental goals of long-term structural adjustment in developing countries are to enhance efficiency, achieve equity, and expand the stock of physical and human capital. For small countries progress depends upon the ability to trade relatively freely with the rest of the world, and even large economies, if cut off from international trade, would lack stimuli for efficient industrial development. Competition from abroad forces firms to cut costs, improve quality, and seek new ways of producing and selling their goods. Sub-Saharan Africa and many other developing countries would benefit from policy reforms in three areas: trade reform, macroeconomic policy, and domestic competitive environment.
I THINK IT HELPS U BUDDY........ ;-)