Answered: Analyse recent literature on the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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https://www.sciencedirect.com/science/article/pii/S2405844020308537

Analyse recent literature on the relationship between trade openness and economic growth in Africa and report on its
main findings. Limit your search to literature published in the last 5 years.

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Expert Solution

Step 1: Introduce of Economic growth In Africa (2018-2023)

Introduce the topic of the relationship between trade openness and economic growth in Africa and the mixed findings in recent literature.

The relationship between trade openness and economic growth in Africa has been a subject of much research in recent years. The findings of these studies have been mixed, with some studies finding a positive relationship, while others have found a negative relationship, or no relationship at all.

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