LOLA JACOBS ASSIGNMENTS 0618151315
TRL3704
Assignment number: 05
Year: 2023 (SEMESTER 1)
PREVIEW:
Global trade is widely practiced and considered beneficial for various reasons.
One key advantage is the stimulation of economic growth through expanded market access. By
participating in global trade, countries can reach a larger customer base beyond their domestic
boundaries, leading to increased sales and revenue. This concept is supported by the example
of China's economic rise. According to a study by Zhang and Felbermayr (2017), China's
engagement in global trade, particularly as a major exporter of manufactured goods, has
significantly contributed to its economic development and poverty reduction.
TRL3704
Assignment number: 05
Year: 2023 (SEMESTER 1)
PREVIEW:
Global trade is widely practiced and considered beneficial for various reasons.
One key advantage is the stimulation of economic growth through expanded market access. By
participating in global trade, countries can reach a larger customer base beyond their domestic
boundaries, leading to increased sales and revenue. This concept is supported by the example
of China's economic rise. According to a study by Zhang and Felbermayr (2017), China's
engagement in global trade, particularly as a major exporter of manufactured goods, has
significantly contributed to its economic development and poverty reduction.
