Implication of international trade theories?
January 30th, 2009 | Published in International Trade | 2 Comments
i need to know about implication of international tarde theories to least develop countrie’s international trade. for my study plz help me immediately …
Dan
January 31st, 2009 at 7:31 am (#)
For anyone to help there are whole libraries on this subject.
February 3rd, 2009 at 12:11 am (#)
the main theory is that least develop countries export labor intensive products as the cost of labor is lower and the highly developed countries export knowledge intensive products. e.g. Bangladesh exports manufacture products clothes taking advantage of its low labor costs while Sweden exports design ideas and fine pieces of machinery just to name a few