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Development and Globalisation > Trade > Flashcards

Trade Flashcards

1
Q

What did economists believe?

A

The way forward for the south was industrialisation

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2
Q

Allowing more revenue to flow..

A

Promoting increased wealth and living standards

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3
Q

Dependent on..

A
  1. Adoption of western style capitalism
  2. Economic growth ‘tricking down’
  3. Promotion of free trade
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4
Q

Problems

A
  1. They cannot invest in industrial and technological development at the same level of richer countries
  2. Dependent on agricultural exports
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Development and Globalisation (26 decks)

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