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1998 | OriginalPaper | Buchkapitel

Trade and Development

verfasst von : Gareth Rees, Charles Smith

Erschienen in: Economic Development

Verlag: Macmillan Education UK

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What does international trade offer the LDC — a threat or an opportunity? As usual in economics, the answer is a mixture of both depending on a series of secondary factors. The relationship between an LDC and the trading world is dependent on its factor endowment, its political attitudes to trading partners and MNEs, and its recent economic history. For example, the discovery of oil, the joining of a trade bloc, or the ending of an imperial relationship could all make differences to the level of welfare in the country.

Metadaten
Titel
Trade and Development
verfasst von
Gareth Rees
Charles Smith
Copyright-Jahr
1998
Verlag
Macmillan Education UK
DOI
https://doi.org/10.1007/978-1-349-14689-5_7