This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Radosky, Devin Essays 76.) The pros of international trade are that the country creates a product that other countries will buy at a high quality and low cost, distinction ill get more money. The country attempts to create something that’s better than everyone else and at a lower price. This has been a common approach in the 1990’s. The cons are if a country has uneven resources, they could invest solely in that one resource and fall flat on their face when it runs out; market stagnation, which suck because then the price of something drops dramatically, no longer making any money; and increased dependence on MDC’s. Now for self-sufficiency, the pros of this type of development are there is balanced growth with equal investment in all sectors, limited influence for large corporations, limited imports from other countries. This is the more common approach for large corporations, limited imports from other countries....
View Full Document
This note was uploaded on 04/19/2009 for the course HISTORY 88370 taught by Professor Ms.mordan during the Spring '09 term at Western Texas College.
- Spring '09