Does Openness trade economically developed smaller countries in Africa ?

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Does Openness trade economically developed smaller countries in Africa ?

Category: Presentation or speech

Subcategory: Art

Level: College

Pages: 1

Words: 275

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Trade Openness Affect the Economic Development of Smaller African Countries
The research question explores how trade openness affects the economic development of smaller African countries. The exposure that these countries are offered through trade openness improves their economic development through various ways. Interestingly, trade openness improves the economic development of the countries since they are offered with a chance to showcase and sell their goods and services to other economies. I believe in the logic that openness improves the economic development of these countries. The following points support my stand.
Most of these countries often rely on imports, which are useful in improving their economic agenda. Any forms of trade restrictions, therefore, have been reduced due to the extent of trade in their economic growth. Such developing countries are dependent on investors who are only acquired through the openness of trade. Foreign investments stir up the host economic development as investors start up production plants that create revenue and creating employment.
Still, the exchange of technological advancements, which is useful in economic growth is facilitated due to trade openness. Most of their partners in trade are accustomed to high-end technological equipment, which affects their financial growth, due to the returns affiliated with the same. Kenya, for example, imports affordable motor vehicles from Japa…

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