Country | |
Publisher | |
ISBN | 9788193637852 |
Format | HardBound |
Language | English |
Year of Publication | 2018 |
Bib. Info | Xvii, 342 p. ; 22 cm. Includes Index. |
Product Weight | 630 gms. |
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Trade is an important stimulator of economic growth. It enlarges a country’s consumption capacities, increases world output, and provides access to scarce resources and worldwide markets for products without which poor countries would be unable to grow. The whole economic basis for international trade rests on the fact that countries do differ in their resource endowments, their preferences and technologies, their scale economies, their economic and social institutions and their capacities for growth and development. Exports provide foreign exchange that can be used for importing consumption goods, intermediate goods or capital goods and imports of capital goods and intermediate goods can increase economic growth through technological diffusion. This book "Trade-Led Economic Growth" is an attempt to deal with a debatable and burning topic in present context.