Does Increased Participation in International Trade Promote Economic Growth and Development in Low-Income Countries?
Most economic specialists agree that “there is gain from trade.” In 1817, David Ricardo posited that countries that specialize in producing and manufacturing goods with a competitive edge gain from trade. Rapid growth has been seen in the past fifty years around the world that inevitably affected the lives of individuals and nations. Academia has been conducting research on this rapidly growing than ever trade phenomenon for decades. Studies have