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Which countries appear to have benefited the most from international trade during the last few decades? what policies do these countries seem to have in common? does their experience want support for the infant industry argument or help to argue against it? international trade, i .e.
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The free movement of goods and services along various countries, has flourished over the years due to the benefits it bestows upon the different countries of the world.
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It accounts for a good part of the country's gross domestic product.
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More recently, international trade has helped developing countries to become centers of economic growth and to make trade an important source of funds.
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A small but influential group of developing areas like indonesia, hong kong, taiwan, south korea, and many others are emerging as the biggest world traders.
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Though there is a great diversity among these developing areas, they have some policies in common.
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They include development of domestic manufacturing industries, desire to foster economic growth, and improving living standards...