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International Trade And Economic Development

INDIAN INSTITUTE OF TECHNOLOGY, KHARAGPUR


International Trade and Economic Development



Swapnil S. Bagmar
06HS2004















Development Economics term paper (Spring 2007-08)

International trade

International trade is the exchange of goods and services across international boundaries or territories. In most countries, it represents a significant share of GDP. While international trade has been present throughout much of history, its economic, social, and political importance has been on the rise in recent centuries. In this paper we will not go into the theories governing international trade but the focus will be more on its implications on economic development.





Consider the following data:



Sources: World Development Report






Economies Trade per
capita
(US$, 2004-2006) Trade to
GDP
ratio (2004-2006) Share in
world
total exports......


View the rest of this paper...

Approximate Word Count: 4767
Approximate Pages: 20 (250 words per double-spaced page)

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