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Essay / Research Paper Abstract
This 6-page paper discusses the impact of international trade on developing countries. Some of the topics discussed include foreign direct investment (FDI) and tariffs. Bibliography lists 3 sources.
Page Count:
6 pages (~225 words per page)
File: D0_MTdevint.rtf
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Unformatted sample text from the term paper:
industrial societies down to the poorest agrarian nations that still live off the land. The theory behind international trade is, stimulate demand in enough places in the world, encourage the
least developed nations (LDCs) to jump on board with selling their goods, and everyones standard of living increases, meaning more people are available out there to purchase more international goods.
In addition, goes the theory, international trade helps boost a more efficient production of goods and services, by shifting production of such
goods and services to those countries that know how to do it best, and at a relatively lower cost (Makki and Somwaru, 2004).
As an economic theory, this makes some sense. But what is the reality? As with anything, it depends on who you talk to. Proponents of international trade point to
the ideal that many LDCs are becoming large trading sources in their own right (China and Malaysia seem to be the countries most cited as examples in this scenario). But
critics of international trade point out that theres been a cost to the process - cultures are laid to waste, the environment ends up being screwed (putting an end to
a great deal of farming activities) and in all, industrializing smaller, less developed countries doesnt help the workers anywhere. In this paper,
well take two aspects of international trade - tariffs and foreign direct investment - and well examine how these factors have helped (or hindered) development and growth of least developed
countries. The literature continues debating both the impact of trade and of foreign direct investment (FDI) on the economic growth of
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