Trade and Developmetn
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- Created by: minnie bhullar
- Created on: 30-04-13 22:52
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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
- Exchange of goods and services
- Economic factors affecting development
- Trade
- Pattern (type) of trade
- Economic factors affecting development
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