Trade strategies for growth and development
Syllabus: economic growth and economic development
With reference to specific examples, evaluate each of the following as
a means of achieving economic growth and economic development
a. Import substitution (Page 106)
b. Export promotion (Page 108)
c. Trade liberalization (Page 110)
d. The role of the WTO (Page 111)
e. Bilateral and regional preferential trade agreements (page 115)
f. Diversification (Page 120)
Watch the following introductory programme on international trade and trade strategies.
The programme reviews the principles underlying trade and explores how these relate to less developed countries.
The following sections explore some of the trade strategies covered in the video.