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 Form 4 Business studies lessons and notes on international trade

Advantages or benefits of trade liberalization

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Answer Text:
Advantages/benefits of trade liberalization:
-improved standards of living of people due to variety of goods and services.
-economies grow faster because of transfer of technology and financial support.
-there is improved access to markets as a result of liberalization.
-increases foreign direct investment from corporates and individuals.
-reduces poverty levels within a country as citizens can get employment opportunities.
-access to credit opportunities increases.
-creates jobs from a variety of sources both internal and external.


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