Week 24 Flashcards
1
Q
what are the 2 schools of thought regarding development strategies
A
2
Q
trade liberlisation definition
A
3
Q
why do economies use trade liberlisation
A
it opens the domestic market up to a wider consumer base
> can steer countries away from trade barries and allow a reciprical exchange of goods and services
4
Q
what can trade liberlisation lead to
A
this can be hard to achieve as some trade barriers are very tough to remove
5
Q
what are the benefits of trade liberlisation
A
6
Q
what are the costs of trade liberlisation
A
7
Q
floating exchange rate definition
A
8
Q
what can trade liberlisation be supported by
A
supported by floating exchange rate as currency can depreciate allowing exports to be cheaper and boosting export led growth
9
Q
2 more econ videos
A
week 24
