Trade and Developmetn

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  • Trade and Development
    • Trade
      • Exchange of goods and services
        • Type of product you trade affects your development
      • LEDC
        • Trade Deficit is created by the value of your imports greater than your exports
        • Export low value raw materials and import high value manufacture goods
          • Keeps them poor
      • MEDC
        • Trade Surplus is created by export value exceeding important value
        • Japan trade high tech products
          • Keeps them wealthy
    • Economic factors affecting development
  • Pattern (type) of trade
    • Economic factors affecting development
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