Kelleher and Klein.docx - Last Name 1 Students Name Instructor Course Date Economies and Trade In the modern world poverty has been one of the major

Kelleher and Klein.docx - Last Name 1 Students Name...

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Last Name 1 Student’s Name Instructor Course Date Economies and Trade In the modern world, poverty has been one of the major issues affecting the world’s population. This has been characterized by global warming as a result of uncontrolled emission of CO2. When the two factors come hand-in-hand they are likely to cause havoc. They change people’s lifestyles. Differences between the Liberal Theory of growth and trade vs dependency theory Liberal Theory of growth and trade expounds on development. It states that trade policies are determined by individuals and are put into place to open up markets to encourage growth and development. This is crucial for any economy. Dependency Theory expounds on how the haves and the have-nots interact so as to benefit from each other. Liberal Theory of Growth and Trade states that economic interventions between different countries can alleviate poverty and enhance the growth and development of countries. This may be an instance where through international trade a country can be able to fill its fund deficit (Kelleher and Klein, 80). Dependency Theory expounds that the economy favors the rich,
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