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प्रश्न
"Advancement of international trade of a country is an index to its prosperity." Support the statement with suitable examples
उत्तर
Advancement of a country's international trade is an index of its economic prosperity because:
i) International trade is in fact an 'economic barometer' of a country. A healthy volume of it ensures a trickling down of prosperity into the macro economy as well.
ii) No country is self sufficient in all resources or services. It has to resort to international trade in order to satisfy one or the other need of its economy.
iii) If the balance of international trade is favourable to a country, it can earn more foreign exchange and hence strengthen its financial position in the market.
iv) International trade induces a country to develop secondary and tertiary sectors for exporting goods which can fetch more foreign exchange.
v) A country's economic prosperity can be gauged by the health of its international trade.
संबंधित प्रश्न
What is meant by trade barrier?
“Foreign trade integrates the markets in different countries”. Support the statement with arguments
Why did the Indian Government put barriers to foreign trade and foreign investments after independence? Analyse the reasons.
Which one of the following has been the major source of foreign exchange for IT industry?
(A) Bharat Heavy Electricals Limited
(B) Oil India Limited
(C) Steel Authority of India Limited
(D) Business Process Outsourcing
What is the meaning of 'investment'?
What was the reason for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers?
How has liberalisation of trade and investment policies helped the globalisation process?
Distinguish between investment and foreign investment.
Explain any five facilities available in the special economic zones developed by the Central and State Governments to attract foreign investment.
Answer the following question.
How has foreign trade been integrating markets of different countries? Explain with examples.
Analyze the contribution of foreign investment in globalization.
Integration of markets means:
Cheaper imports, inadequate investment in infrastructure lead to:
Which of the following was the main channel connecting distant countries was:
Foreign Trade creates an opportunity for the producers to:
Which one of the following statements best describes the meaning of 'Globalisation'?
