why countries needs economic diversification

Q: What are the actors that facilitate economic globalization. Discuss each of them.

A: Economic globalization is defined as the movement of capital, goods, service,  information, and…

Q: How should countries operate relative to their investment opportunities?

A: Introduction Many investors allocate a percentage of their portfolios to international investments.…

Q: What is investment? What is the role of investment in a country’s economic development?

A: In an economy, the primary economic activities are considered as consumption and production.

Q: How does diversification match up with specialization

A: Meaning of Specialization: The comparative advantage under specialization is because it is vital…

Q: Are trade restrictions necessarily bad for a developing economy? Under what circumstances are trade…

A: International commerce expands the range of products available to domestic customers, lowers the…

Q: Does a trade surplus help to guarantee strong economic growth?

A: Trade surplus refers to the positive difference between the country’s exports and imports. The…

Q: Why do countries produce local goods when it is cheaper to import

A: The economist around the world argues that the free trade is the best for every economy as it…

Q: Discuss using empirical evidence whether international trade leads to economic growth.

A: The model: To check if international trade leads to economic growth- a two-country, two-commodity…

Q: What are the facts about living standards and growth rates around the world?

A: Growth rate is a measure of the change in a variable over time, expressed as a percentage. It is…

Q: Why do some countries succeed in developing their economies while others fall behin

A: Economic development: - Economic development is the process of improving the social and economical…

Q: Explain globalization and sustainable development.

A: A model for economic development provides a framework to analyze the factors that influence the…

Q: What are the effects of Globalization to health and medicine? How about in economy? In…

A: Globalisation means the flow  of resources from one nations to another in ease . It integrates the…

Q: Apply your knowledge in identifying the factors that will contribute to the economic progress of a…

A: When a product gets underway for the production process, cost  takes place for producing that…

Q: What have  been the ingredients for economic growth and development that China and India share?…

A: The economic growth level of a country is the level of GDP growth in the country. The level of GDP…

Q: Justify the importance of regional cooperation for developing economies

A: Regional cooperation refers to the political and institutional processes developed by countries in a…

Q: How does urbanization/globalization affect development and population

A: Urbanization and globalization are to different economic concepts, but the primary motive behind…

Q: Differentiate between Economic growth and Economic developmen

A: There are many components related to the economy and macroeconomic policies along with the whole…

Q: When might a country’s level of economic development mislead an international investor?

A: An investor is the one putting money into a business for getting a financial return.

Q: How does geography impact economic development??

A: Geographical factors include the level of natural resources in a nation and hence can influence the…

Q: if two countries have the same Savings rates why is there  Growth rates different?

A: Economic growth is one of the major goals for all the economies across the world. The development of…

Q: In a global context, are opportunities for development growing or diminishing?

A: Development by and large alludes to the course of growth, progress, or headway, frequently with an…

Q: what is the advantage of having a lot of scientist in a country?

A: For the study of society, the application of complexity science techniques allows for the…

Q: Why is saving important for economic growth and development

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: oped countries rejects globalization?

A: Globalization occus when people, firms, and countries interact and enage with each other to exchange…

Q: Over a ten year period, country A and Country B had the same saving rates, but the result of the…

A: Economic growth of a country judged through GDP growth rate. The components of GDP are Consumption…

Q: How scarcity helps in country growth?

A: Scarcity is known as the constrained supply of economic resources. Because of the restricted…

Q: The Impact of Globalisation on Economic Growth of Pakistan.

A: Globalization refers to the process in which the countries interact internationally for trading…

Q: Do you think that business practices in an Islamic country are likely to differ from business…

A: Yes, business practises in an Islamic country will most likely differ from those in the United…

Q: Give two factors that affects development of a country and explain its reason.

A: In a country's development, the job of economic factors is conclusive. A load of capital and the…