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Even trade is not enough it needs developing projects and factories to vast jobs areas and chances
Developing countries need to increase their production rather than trade or aid. Trading requires purchasing power which can only be achieved by increasing productivity.
Yes it always better to teach a man how to fish rather than give him fish. As when the aid stops the poor man would be as help less as before.
yes because trade and opportunities will get more revenues and soon they can develop their infrastructure, education, medical, manufacturing and othe key areas to get closer to a developed nation
I believe they need a positive industrial,agricultural,services and skilled labor growth.
Positive attitude toward exports and international trade strategies should be implemented .
Trade will then follow .
Developing countries need education more than anything. To prevent themselves from being 'robbed' off their natural reserves. Look at Nigeria and the oil trade, it does not benefit the country. Or Congo, the minerals are nomuch of a benefit to the country. Just for example. I wish the raw materials and other natural reserves would benefit the citizens of each and every country when they trade with the world.
Several developing countries rely on foreign aid to finance several of their social protection schemes (such as old age pension, health financing, education etc.). Aid allow those countries to invest in their human capital, which will not only attract future investment but will also allow an increase in consumption (due to improved livelihoods) which in turn will fuel trade in goods and services. Having said that, it is important to bear in mind that developing countries should not be overly dependent on foreign aid on the provision of pension and other social assistance. In conclusion, aid is a component that can help developing countries increasing trade, which is an important factor for economic development.
Yes certainly Developing countries Need trade But when their Trade is hit by natural Disaster's or by Wars then at those tImes they Definetly needs AID.
agreed, but devoloping countries may not have adequate infrastucture to facilitate trade, they will require aid there,
I strongly agree with this any country need trade to develop not aid, if a country will depend on aid it will never develop.
