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Published in:
1989 | OriginalPaper | Chapter
The Importance of Trade for Developing Countries
Author : Bela Balassa
Published in: New Directions in the World Economy
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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Participation in international trade provides a Variety of benefits to the developing countries. They may obtain gains through resource allocation according to comparative advantage; the exploitation of economies of scale and increased capacity utilization; improvements in technology; increases in domestic savings and foreign direct investment; and increased employment.