WHAT WOULD BE THE ECONOMIC RESULTS OF A THIRD WORLD COUNTRIES TOGETHER?.
Hey everyone welcome to my round one research.
THE TRADE LIBERALIZATION.
Policies that make an economy open to trade and investment with the rest of the world are needed for sustained economic growth. The evidence on this is clear.No country in recent decades has achieved economic success. In terms of substantial increases in living standards of its people ,without being open to the rest of the world. In contrast, trade opening(along with opening to foreign direct investment)has been an important element in the economic success of East Asia, where the average import tariff has fallen from 30 percent over the past 20 years.[2]
Opening up their economies to the global economy has been essential in enabling many developing countries to develop competitive advantages in the manufacture of certain produts.Freeing trade frequently benefits the poor especially. Developing countries can ill-afford the large implicit subsides, often channeled to narrow privileged interest, that trade protection provides.[2]
Moreover, the increased growth that results from free trade itself tends to increase the income of the poor in roughly the same proportion as those of the population as a whole. New jobs are created for unskilled workers, raising them into the middle class. [2]
Sources:
1.https://twn.my/title2/twe/twe.htmhttps://www.pa-mojastories.com/wp-admin/post.php?post=16325&action=edit
2https://www.pa-mojastories.com/wp-admin/post.php?post=16325&action=edit
3.https://www.pa-mojastories.com/wp-admin/post.php?post=16325&action=edit
4.https://www.pa-mojastories.com/wp-admin/post.php?post=16325&action=edit
5https://www.pa-mojastories.com/wp-admin/post.php?post=16325&action=edit
Hey Elena, I really agree with your opinion whereby you have highlighted the social effect of the third world war countries whereby many countries are able to know the effects both internally and externally.
hey ,Elena I agree with you that policies that make an economy open to trade and investment with the rest of the world are needed for sustained economic growth.
Hi Hellena you have an amazing research since it has enable many to understand the about trade liberalization. I am looking forward to learn more on your blog.
Hey Elena, it was fantastic reading your blog. I agree with you that most of the countries has not been able to achieve economic success.
Hey Elena, to go through your blog is very enlightening. I concur with you that majority of the countries has lagged behind in economic development.
Hi Elena , I can agree with you that economic growth rate of the countries has been low and no country has achieved economic success in recent decades .Your blog will be so important. It will help many countries to improve on economic growth .
Hi Elena, it is nice to learn from your blog .Your blog is educating especially where it involves trading activities around the world. I am eager to learn more from your research.
Hi Elena !. It is inspiring to see you working on search a meaningful topic. keep up the amazing work
Hey Elena hope you are doing fine? Your blog post is really encouraging to many of the third world countries. I would like to encourage you to continue working hard. Hope the link below will help you.https://www.weforum.org/stories/2023/09/how-developing-countries-empower-themselves-to-navigate-the-challenges-of-global-cooperation-sdim23/
Hello Elena, I hope that you are doing fine and great your blog is really encouraging and amazing, because it is concerning third world countries. All the best as you go on with your research project