Trade and development: Difference between revisions

Revision as of 16:21, 25 November 2016

Revision as of 13:50, 2 July 2017

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The current consensus is that trade, development, and [[poverty reduction]] are intimately linked. Sustained [[economic growth]] over longer periods is associated with [[poverty reduction]], while [[trade]] and growth are linked. Countries that develop invariably increase their integration with the [[global economy]], while [[export-oriented industrialization|export-led growth]] has been a key part of many countries’ successful development strategies.

Continents, countries and sectorssector that have not developed and remain largely poor have comparative advantage in three main areas:

* natural [[resource exploitation]], i.e. running down of [[natural capital]] such as [[rain forest]] [[timber]];