How important for a
country to be open to trade?
It is important for a country to be open to trade because they will get more benefit from many dynamic gains.Openness provides stability and attract more investors to do business in a foreign country. Through openness a country could build a good relation with the foreign country globally. A country can export excessive product that they have and import product that are limited to their production and benefits itself in numerous ways.
It is important for a country to be open to trade because they will get more benefit from many dynamic gains.Openness provides stability and attract more investors to do business in a foreign country. Through openness a country could build a good relation with the foreign country globally. A country can export excessive product that they have and import product that are limited to their production and benefits itself in numerous ways.
The more open
countries get more opportunities. A country could find the cheaper materials to
produce its products, invest countries reward the most, develop the new
markets, and collect fund easily from different countries and increase
competitive advantages for countries.
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