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- W2291509170 abstract "International Trade, it is usually referred to exchange of goods and services across international borders and country territories. In most nations it represent a significance of the gross domestic product (GDP), In 2010 the value of international trade achieved 19trillion US dollars ,i.e. about 30% of the world’s GDP that is, about one third of the produced goods and service share exchanged globally Nations appears to trade with themselves and too little with each other,(John McCallum 1995;Daniel Trefler 1995;John Helliwel 1998).Present Times have seen rapid growth of the world economy. This growth has been driven in part by the even faster rise in international trade. The growth in trade is in turn the result of both technological developments and concerted efforts to reduce trade barriers. Some developing countries have opened their own economies to take full advantage of the opportunities for economic development through trade, but many have not. Remaining trade barriers in industrial countries are concentrated in the agricultural products and labor-intensive manufactures in which developing countries have a comparative advantage. Further trade liberalization in these areas particularly, by both industrial and developing countries, would help the poorest escape from extreme poverty while also benefiting the industrial countries themselves. Just as developing countries are beginning to overcome some major hurdles in their quest to expand trade with industrial countries, another is rearing its head. As a result of agreements negotiated at the World Trade Organization (WTO), traditional trade protection measures such as tariffs and quotas are falling away. But to some extent they are being replaced by domestic technical regulations that permit countries to bar products from entering their markets if the products do not meet certain standards. 1" @default.
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- W2291509170 date "2015-03-25" @default.
- W2291509170 modified "2023-09-24" @default.
- W2291509170 title "Impact of international trade for developing Sub-Saharan countries" @default.
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