Developing Nations' Trade Policy

by Fatin, Farisha, and Nadia

Trade is a process of exchange of goods between one state and another. Trade is very important and needed in a developing or less developed country as these trade activities will help a country to develop the growth economy. However, for every trading process that is carried out there must be a prescribed policy. One of the benefits of the policy is to ensure that the administration can be carried out more systematically and smoothly.

Based on the title "Trade Policy for Developing Countries", we have selected a number of topics to be discussed in more detail: trading problem and aiding developing countries. In this topic there are some serious problems in trading activity. in addition, even the trading was efficient the trade activity can not far away from problems. Among the trade problems we can see is the unstable export market, worsening trading conditions and limited market access. Despite its have the trade problems, this trade policy can also help developing countries with the existence of the World Bank, the International Monetary Policy (IMF) and the General Election System (GSP).

Last but not least, after thorough a review intensively, trade is not only helping in growth economy but also help in fulfil the demands of the society. There are several countries that have high technology but do not even have the resources to produce a product. Thus, there is an exchange of goods agreement that will bring profit for both countries.