Free Thesis Statements :International Trade and Finance
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International Trade and Finance
1. The tendency of developing countries lies on the specialization of raw materials and commodity exports that has low price and low elasticity of demand.
2. Manufacturers are dependent on imports. With this, it was thought that the trade policies thwarted the development of infant industries. Thus, trade strategies emerged such as the promotion of industrialization through import substitution. This implied the protection of tariff and non tariff barriers.
3. Economies around the globe are adopting trade reforms in the effort to be part of the international trade and boost their economies. The undertaking will involve the cutback of blockades to trade and therefore liberalizing the market. With this, the impact of globalization is felt worldwide and countries dealing with its phase have proved to experience remarkable growth. Thus, less developed and developed countries are striving to compete in international market to enhance their standing in accordance to trade policy and transparency.
4. The financial factors such as dynamics of exchange rates, capital flows and export growth also play significant impact to the trade practices of developing economies.
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