Economic internationalism argues that increasing free trade has what impact on development capital for LDCs?

Question

Quizplus · Accepted Answer

Economic internationalism argues that increasing free trade leads to greater foreign investment, which ultimately results in an increase in development capital for LDCs. This is because foreign investors are attracted by the lower labor costs, natural resources, and market opportunities in LDCs, and invest in these countries, which leads to job creation, technological transfer, and economic growth, all of which ultimately benefit the LDCs.

Economic Internationalism Argues That Increasing Free Trade Has What Impact