1. International Trade and Economic Growth
People frequently accompany trade and investment flows. y International trade and international investment are two main elements of the growing interdependence of the world's economics commonly referred to as globalization. ... Hence, higher economic growth causes higher exports. 2.2 Export-Led Growth Hypothesis • This hypothesis not only implies the presence of positive correlation between export growth and economic growth, but also that the former unidirectionally causes the latter. ... In the current global environment, many developing countries are exposed to declining dema...
- Word Count: 1844
- Approx Pages: 7
- Grade Level: Undergraduate