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Trade Liberalisation
Expansion of consumption possibilities (less protectionist barriers, more trade)
Dynamic gains from trade
Increased consumer welfare
Increase export sales (export-led growth)
Promotion of FDI
Increase in investment (increase AD and LRAS, positive multiplier)
Increase supply of loanable funds
Increases supply of capital
Transfer of knowledge and production techniques which increases productivity
Removal of government subsidies
Increases level of competition (high product quality, lower prices)
Allows government to spend tax revenue elsewhere (education, healthcare)
Free floating exchange regime
Allows free capital mobility (increases supply of loanable funds)
If unable to maintain their peg in a managed exchange rate, it increases investor confidence
Microfinance schemes
Helps overcome the savings gap (more people have access to finance, increases GDP)
Reduces the number of people living in poverty