Economic Development and Trade

In an era of increased globalization and advancements in technology, it has become increasingly important for all of the nations of the world to keep bringing improvements in their economic infrastructure and to expand their businesses on the global scale. It has been observed that without a reasonable level of economic development any country cannot gain a competitive position in the world market. This is the dilemma faced by most of the developed nations of the world.

In this paper we will examine as to how economic development of any country promotes the trade and business and how free trade and liberalization in trade policies, on behalf of the governments, help the businesses to flourish and effectively compete in the world market. We have covered the issues related to the economic development of the developing nations and has discussed the aspects that have caused hindrance in...
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