Economic question 4

1.Suppose you are the president of a developing country. Discuss what economic policy you would recommend to promote trade between the country you work for and a neighboring country. Also, how would you increase net exports? Explain your reasoning, using at least 100 words with relevant economic concepts & theory. answer in a paragraph then

answer below a post agree or disagree within 2-3 sentences

2.If I were the president of a developing country, there are several options available that could help promote trade. One of the questions that would need to be addressed is the similarities in industries between our country and neighboring countries. If the markets are fairly similar, I could implement some type of common market. This would allow our country to work more efficiently with neighboring countries. If the neighboring countries were not as similar, using a customs union could be beneficial.

 

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