Get premium membership and access revision papers with marking schemes, video lessons and live classes.
  OR
Processing. Please wait.

 Form 4 Business studies lessons and notes on international trade

Advantages or benefits of trade liberalization

 (4m 33s)
731 Views     SHARE

Download as pdf file

Answer Text:
Advantages/benefits of trade liberalization:
-improved standards of living of people due to variety of goods and services.
-economies grow faster because of transfer of technology and financial support.
-there is improved access to markets as a result of liberalization.
-increases foreign direct investment from corporates and individuals.
-reduces poverty levels within a country as citizens can get employment opportunities.
-access to credit opportunities increases.
-creates jobs from a variety of sources both internal and external.


|