Developing countries:
A) should avoid trade until they are ready to compete globally.
B) should focus on importing goods rather than relying on export-led growth.
C) can use imports as a major source of development.
D) can use trade as a major source of development.

Question

Quizplus · Accepted Answer

Developing countries can use trade as a major source of development. By engaging in international trade, they can access larger markets, attract foreign direct investment, and gain access to technology and expertise. Export-led growth can also boost the economy and create jobs, helping to reduce poverty. However, it is important for developing countries to pursue policies that promote fair and sustainable trade, such as protecting workers' rights and the environment, and diversifying their export base to avoid over-reliance on a single commodity or market.

Developing Countries