Economics IB HL Y13 Essay Example | Topics and Well Written Essays - 750 words

Economics IB HL Y13 - Essay representativeThe world economy has grown in recent years. Inter acresal trade has been the motivating force foot it. But with the more recent technological developments as well as reduced trade blockades, harvest-feast in trade is definitely on the rise. Developing counties have also stepped on this bandwagon, extracting the best come on of their own respective economies through trade internationally as well as locally - indoors the country. The integration of trade into the world economy has really proved helpful for the growing countries as they poop promote economic growth, development as well as poverty reduction inwardly themselves. human trade has been increasing at an average rate of six percent for the last 20 years, which is in two ways the rate of world output. The integration of the world economy with the help of trade has lifted the living standards of the batch within these developing nations, which is a positive sign.Sustained and consistent economic growth requires policies that can unbutt geniusd trade and investment with the rest of the world. thither is proof to it and it is that there has not been a single nation that has achieved economic stability without being open to the world for trade. International trade requires liberalization, i.e., openness to all and heterogeneous within the world no matter what. The living standards are in direct proportion with them. There is a high need to promote and liberalize the manner in which trade is carried out within the world economy. It needs to be more generous to everyone and anyone as well as helpful for the developing nations so that more and more trade is carried out between the economic world markets. (Macewan, 1989) Agriculture is one such example of being more liberal for the international trade market. Liberalization by some(prenominal) industrial and developing nations is necessary to realize trades potential that acts as a crusade force for economi c growth and development. It is up to the industrial and