Question

Impact of international trade on economic development of a country

Answer 1

international trade helps for globalization. it will remove the trade barriers between countries. people can get more options to purchase things. the quality of goods also increase.

Answer 2

Greater opennes to international trade has positive impacts on economic growth of high-income economies. Particularly for developing countries, the lack of investments in human capital and of a well-functioning financial system may hamper the growth expected from trade liberalization through technological innovation.