Skip to content

The Benefits of Removing Trade Barriers

December 1, 2015
  • Removal of trade barriers benefits growth via:
    • Access to foreign savings
    • Comparative advantage in production
    • Economies of scale
  • Neoclassical growth theory focuses on convergence
  • Endogenous growth theory focuses on social benefits
Advertisements

From → Economics

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: