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Friday, September 7, 2012

Week 1 Blog:


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.
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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