Wednesday, June 12, 2019
International business (Discussion Board) Assignment - 2
International business (Discussion Board) - Assignment ExampleAccording to Lamy, it is also important that the free trade agreements allow the underdeveloped countries to import what they are not good ad producing on their own. Allowing countries to trade at what they are not good at will effectively admirer the development of the countries. These countries can trade what they have for what they do not have, this means carrying out some kind of barter trade.Currently, the revenue these developing countries earn is spend on developing infrastructure such as roads and electricity intersection. They also offer their citizens social amenities such as educational and checkup services. If they are allowed to trade for what they do not have, it will ease the burden on the governments shoulder. The governments would essentially trade for goods such as automated machineries for different production industries such as car manufacturing industries. The result will be further increase in th eir GDP and less dependence on foreign
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