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Chapter 21: Q 5. (page 521)

How does international trade affect the working conditions of low-income countries?

Short Answer

Expert verified

International trade will affect the working of low-income countries in various ways.

Step by step solution

01

Step 1. Definition

International trade is defined as the exchange or trading of goods and services between two or more nations.

02

Step 2. Explanation

As international trade happens between two countries it will affect the low-income country in a positive way. This is because if the investment increases in their country, it will increase the employment and income and also the working conditions of the low-income country economy. This in turn raises the standards and quality of living also. So, all the low-income countries will be benefitted hugely from international trade.

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