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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 8
International trade is associated with economic growth and development-open economies tend to grow faster than closed economies, all else equal. Given this information, should a nation seeking to grow and develop faster use the method of import substitution or export-led growth? How would each of these two methods affect GDP through its net exports component?
Explanation
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Export-Led Growth
Export led growth ref...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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