2 years ago

How does trade diversification help in the promotion of trade?

1 answer:

6 0

Diversification helps countries to hedge against adverse terms of trade shocks by stabilizing export revenues. ... Thus through export diversification, an economy can progress towards the production and exportation of sophisticated products which may highly contributes towards economic development.
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How does trade diversification help in the promotion of trade?​

How does trade diversification help in the promotion of trade?