What does Global Economic Performance mean to you?
- 1 vote
So I'm answering a question entitled "Discuss the extent to which the conclusion of the world trade negotiations would improve the performance of the world economy"
I have the advantages of trade liberalisation and a few disadvantages but I'm struggling to relate them back to the question... for example, things like the Human Development Index and developing nations are coming into my answer a lot but I'm not entirely sure if I have the right end of the stick with respect to the performance of the world economy.... :(
So what would you include in the term "global economic performance"? Please Help Meeee!
- 1 vote
seems abit tricky question but maybe you could explain the advantages of free trade and how it would raise world output and may widen the inequality gap within countries but more equal between countries?
Also, talk about interdependence..could make countries vulnerable to recession etc.
Hope that helps! :)