According to Lohan (2004) if people in a country die at a young age due to preventable diseases, a country cannot be regarded as a developed country, similarly if most people in the country cannot read and write and does not have access to clean water and enough income to afford basic amenities of life. ... Trade liberization for underdeveloped economies have proven to have some serious side effects as it may lead to dumping of cheap and substandard products into the developing countries markets by the developed countries which undermines local industries that produce the same products. ... As...

• Word Count: 1491
• Approx Pages: 6
• Has Bibliography
• Grade Level: Graduate