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What is the Relationship between international trade and economic development?

International trade includes export and import. Export strengthens the economy while import weakens the economy. Economic development relies on foreign and domestic trade. A strong export will bolster the economic development.


Why did European economies recover quickly after world war ll?

European economies recovered quickly after World War II due to a combination of factors, including the Marshall Plan, which provided significant financial aid from the United States to help rebuild war-torn nations. Additionally, the establishment of strong international trade relationships and the formation of economic communities, such as the European Economic Community, facilitated cooperation and economic integration. Furthermore, the rapid industrialization and modernization of infrastructure, along with a strong labor force, contributed to economic growth and stability in the post-war period.


Why is it important for Washington to buy form and sell to other countries on the pacific rim?

It is important for Washington to engage in trade with countries on the Pacific Rim to bolster economic growth and diversify its markets. This region represents a significant share of global trade and economic activity, providing opportunities for Washington's businesses to expand and access new consumers. Additionally, strong trade relationships can enhance diplomatic ties and promote stability in the region, benefiting both economic and geopolitical interests. Ultimately, this engagement helps Washington stay competitive in a rapidly changing global economy.


A major purpose of the economic provisions in the Constitution was to?

Create a strong national government so as to bring stability out of the economic chaos.


Would you have supported Hamilton's economic plan?

Yes. I would have supported Hamilton's economic plan. It was important to get the states on strong economic footing and to get them depend of the federal government.

Related Questions

What is the economic and political domination of a strong nation over the weaker nations?

It is called imperialism.


What is the policy that in which strong nations control weaker countries or territories?

Yes, Imperialism refers to the policy in which strong nations extend their political, military, and economic control over weaker territories.


Who are Brunei allies?

Brunei's primary allies include Malaysia and Singapore, with which it shares strong historical, cultural, and economic ties. It is also a member of the Association of Southeast Asian Nations (ASEAN), fostering regional cooperation with other Southeast Asian nations. Additionally, Brunei maintains a close relationship with the United Kingdom and the United States, particularly in defense and security matters.


How has a nation's economic strength become as important as its military power in foreign policy?

A nation cannot protect it's economic strength without a equally strong military. Nations of the free world during the cold war that had strong economic strength but weak or no militaries were successful...only because the US military protected them.


Some african nations have mantained close relationships with their former colonial rulers primarily because?

Some African nations have maintained close relationships with their former colonial rulers primarily because economic and cultural ties remain strong.


What is the Relationship between international trade and economic development?

International trade includes export and import. Export strengthens the economy while import weakens the economy. Economic development relies on foreign and domestic trade. A strong export will bolster the economic development.


What is the Relationship between international trade and economic trade?

International trade includes export and import. Export strengthens the economy while import weakens the economy. Economic development relies on foreign and domestic trade. A strong export will bolster the economic development.


What happens to a nations which depends on an army to keep it strong?

what happens to a natioon which depends on an army to keep it strong in the poem a nations strength


Is the relationship between Japan and the US friendly or unfriendly?

VERY friendly. The wartime tensions are long gone. Japan is a strong and VERY important ally of the US and other western nations.


The characteristics in the box best describe what type of nations?

The characteristics in the box likely describe developed nations. These nations are usually characterized by high levels of industrialization, infrastructure, technological advancement, and overall economic prosperity. They also tend to have stable political systems, high living standards, and strong social welfare programs.


Are there any successful black nations?

Yes, there are several successful nations in Africa that are led by Black governments and have achieved significant progress in various areas. For example, Botswana is often cited for its stable democracy and strong economic growth, largely driven by diamond mining and sound governance. Additionally, Rwanda has made remarkable strides in economic development and social cohesion since the 1994 genocide, becoming a model for post-conflict recovery. Other nations, such as Ghana and Senegal, also demonstrate political stability and economic potential.


Why does Samoa have a relationship with New Zealand?

Samoa has a relationship with New Zealand due to historical ties, particularly stemming from New Zealand's administration of Western Samoa under a League of Nations mandate after World War I. This relationship has evolved into a partnership that includes economic, cultural, and political cooperation. New Zealand continues to support Samoa through development assistance and trade, reflecting shared interests and values. Additionally, the strong diaspora community of Samoans in New Zealand helps to strengthen these bonds.