Economic theory and history explains that less developed, Ask an Expert

Economics

Economics help: International trade

Critically evaluate the following statement:

Both economic theory and history suggest that less developed countries that open their economies to international trade and capital flows will grow faster and reduce poverty more quickly than those opting for an import-substitution industrialization development strategy.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9208570

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