Answer:
Stage of economic development: The nature of items traded undergoes changes as the different stages of economic development of countries passes. In agro, based countries, agro products are exchanged for manufactured goods whereas industrialized nations export machinery and finished products and import food grains and other raw materials. The study of economic development mainly focused entirely on national product, or the aggregate output of goods and services.
Foreign investment: Foreign direct investment (FDI) has proved to be resilient during financial crisis. It boosts up the trade where the capital is limited. By developing such capital, intensive industries, the industrial nations ensure import of food stuffs, minerals and create markets for their finished products.
You need to login to perform this action.
You will be redirected in
3 sec
