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प्रश्न
Mention three ways in which International Trade can reduce global inequalities and thereby help the developing nations.
थोडक्यात उत्तर
उत्तर
The following are some positive ways that trade can improve a lot of countries:
- By introducing people to the global market and making a wide range of goods available, states can exchange knowledge about modern technology, promote international cooperation, and raise living standards.
- By adopting a fair trade strategy, Fair trade aims to increase equity in international trade through trading partnerships, accountability, and respect.
- By incorporating the SDGs into global trade. Adopting the Sustainable Development Goals (SDGs) at the start can help prevent many environmental issues that negatively affect natural and human life quality.
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International Trade
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संबंधित प्रश्न
Define International Trade.
Assertion (A): MNC's made better infrastructure, brought employment and reduced the gap between the developed and developing nations.
Reason: MNCs exploited the resources and acquired land, thus destroying the ecology.
Write the expanded form of the following.
TRIPS
Write a term for the description given below.
Government’s decision to restrict the international trade to protect and promote domestic business.
