how do global trade help to devolpe county
Answers
Trade is central to ending global poverty. Countries that are open to international trade tend to grow faster, innovate, improve productivity and provide higher income and more opportunities to their people. Open trade also benefits lower-income households by offering consumers more affordable goods and services. Integrating with the world economy through trade and global value chains helps drive economic growth and reduce poverty—locally and globally. The WBG’s engagements in countries including Bosnia and Herzegovina, Macedonia, and Indonesia have made trade across borders easier, made logistics services more reliable, and streamlined procedures for clearing customs. These projects and others help create a global trading system that is more open, reliable and predictable for all.