go hand in hand,
and a country that imports
goods from other countries does not necessarily suffer a loss. Trade is not
unilateral
but bilateral. Some
countries are noted for an agrarian economy, while others specialise in manufacturing industrial
products. Countries differ in their product structures because they have dissimilar natural resources,
climates, and geographical features. By adopting an
enlightened
policy and promoting trade activities
with other countries, a country can facilitate the exchange of goods, services and capital with the rest of
the world and promote economic development.
On the negative side, some countries might become addicted to importing goods and
overlook
the
possibility of developing a
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