Nobody downloaded yet

(Choose one question) which you are interesting and I get good marks. 1.How might the type of good exported affect the growth - Essay Example

Comments (0) Cite this document
Number: Course: University: Date: How might the type of good exported affect the growth rate of a country? Exporting entails the production of goods and services in one country and trading them in another country through international trade…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.1% of users find it useful
(Choose one question) which you are interesting and I get good marks. 1.How might the type of good exported affect the growth
Read TextPreview

Extract of sample
"(Choose one question) which you are interesting and I get good marks. 1.How might the type of good exported affect the growth"

Download file to see previous pages A country may be in a better position to export a certain product or services for various reasons. A country can export products and services if it is the single supplier of a certain product, particularly when it has access to natural resources that other are not endowed with. Some countries are also in a better position to make a certain product at a fairly lower cost than other countries .The reason is that a country may have the absolute advantage in producing a certain product over others. Absolute advantage in international trade implies that a country can produce a product at a cheaper price than others. The concept of balance of trade results from the import export business. Balance of trade is the difference between the quantity of exports and the quantity of imports. When exports exceed imports, trade surplus results while a trade deficit results when the quantity of imports exceeds that of exports. There exist two types of final products for export. Traditional products, which are produced using labour intensive skills, and high-tech products which are made using differentiated intermediate goods (Andersen & Babula, 2008, p. 10). When a country engages in international trade, it registers economic growth especially when its products are in high demand. Factors determining export led growth include demand, competitiveness and the rate of exchange. Growth is initiated by an increase in demand for exports. If the spread effects are potent as the export sector grows so the domestic sectors will too. Spread effects refer to prosperity flowing from exporting products and services in international trade. The competitiveness of a country’s product increases the demand for exports. This implies that the demand for what a country sells increases. Depreciation in the rate of exchange makes exports more competitive, thereby increasing demand. Depreciation of the exchange depends on the elasticity of demand for exports (Felipe, 2010, p. 260). The depreciation of a country’s currency in international trade depends with the changes in demand of a country’s exports. Opening up trade can improve the allocation of resources, eventually changing the production function upwards and increasing the per capita income level. Production function relates the output of a country to the amount of inputs. Input in this case refers to capital and labor as factors of production. Production function also refers to the relationship in which output increases as more units of input are employed in production. There is a relationship between international competitiveness if a country’s export and economic growth. Keynesian perspective explains this kind of growth as being demand-driven and that exports make up the exogenous component of collective demand that propels income growth. Exogenous component in this context refers to external/foreign/international components that drive internal growth of a company. Additionally, a fast growth of exports and output tends to set up a virtuous circle of growth through the connection between output growth and production growth. From a neoclassical endogenous growth point of view, a connection between exports and growth may be vindicated since the opening up of trade may be an incentive to a higher rate of endogenous technological change. A study conducted by Maizels in 1963 established a noteworthy relationship between the relative growth of the prime industrial nations and their share of the global export market in manufactures (Meliciani, 2001, p. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“(Choose one question) which you are interesting and I get good marks Essay”, n.d.)
(Choose one question) which you are interesting and I get good marks Essay. Retrieved from https://studentshare.org/macro-microeconomics/1469275-choose-one-question-which-you-are-interesting-and-i-get-good-marks-1how-might-the-type-of-good-exported-affect-the-growth
((Choose One Question) Which You Are Interesting and I Get Good Marks Essay)
(Choose One Question) Which You Are Interesting and I Get Good Marks Essay. https://studentshare.org/macro-microeconomics/1469275-choose-one-question-which-you-are-interesting-and-i-get-good-marks-1how-might-the-type-of-good-exported-affect-the-growth.
“(Choose One Question) Which You Are Interesting and I Get Good Marks Essay”, n.d. https://studentshare.org/macro-microeconomics/1469275-choose-one-question-which-you-are-interesting-and-i-get-good-marks-1how-might-the-type-of-good-exported-affect-the-growth.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Perspectives of Ageing
Though they are not interconnected, yet in some ways they are linked with each other. They impact human life on everyday basis, and thus are very deeply integrated with the social, economic and political issues of the nation or society. A going is related to their declining physical and mental abilities, and in some cases in serious illnesses related to mind and body, which limits their performance and participation life.
11 Pages(2750 words)Essay
Choose a good tittle
Neoliberalism is an economic theory which has been known to United States for more than couple of decades .Even though, this concept is rare to be seen in America a, its impact
5 Pages(1250 words)Essay
I can do anything as good as you
Prodded through the incentives provided by the Department of Labor in 1978 under the administration of President Jimmy Carter, the goal then was to increase participation of women in the construction workforce to 6.9 percent over a three-year period (Eisenberg, 3).
3 Pages(750 words)Essay
Puck the good one
He laughs at other people’s woes and create fun and mockery everywhere he pleases. Puck the “merry wanderer of the night.” II.i.43) either makes you smile or makes a fool out of you. But then again, he is still a fairy; his end goal is still for the good. Puck is a forced intervener that creates chaos, brings confusion and still unites every character in the end.
2 Pages(500 words)Essay
Why Growth is Good
The article “Why Growth is Good” has put forward some of his arguments on why steady growth should be the aim of the time. So the article of the author is close to reality and only a few modifications will make the article more compact. The author is correct from his point of view and the contradictions in some arguments arise only when the other viewpoints is taken into consideration.
5 Pages(1250 words)Essay
I Am the Good Shepherd
The good shepherd lays down his life for the sheep.” On closely examining the events that surround this statement, we realize that Jesus had just revealed himself as the light of the world while he was teaching in the temple complex (Jn 8:12). On hearing this, the Pharisees stated that this testimony is not valid because Jesus was testifying about himself (Jn 8:13).
5 Pages(1250 words)Essay
How do you live the good life
A teenager who goes out with friends and enjoy the freedom to share with peers can similarly perceive happiness in the experience and claim to be leading a good life. Similarly, a drug addict may perceive to be living a good life because of the derived pleasure from
2 Pages(500 words)Essay
Classification essay: (I dont know of a good topic to have you write about so feel free to choose any topic you would like to write about)
That is why they become group members. Mostly, they are either too good at studies or too bad at studies. In either case, they assist one another not only in studies but in all areas. They may come from different backgrounds, but
2 Pages(500 words)Essay
You may pick a good one
The two identified cultural groups are the African Americans culture and the Hispanic Americans culture. These two ethnic groups are distinguished by race, language, religion, and intermarriage customs and values. Both the two cultures have different origin as depicted by the
2 Pages(500 words)Essay
Why growth is good
Based on this research the middle class people fight irately against any supplementary taxation or job cuts. The poor people are hit even worse. Therefore, Reich advocates more sensible economic policies to be implemented. An analytical evaluation of this text would suggest that Reich has expressed very practical viewpoints in relation to the present economic slowdown.
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic (Choose one question) which you are interesting and I get good marks. 1.How might the type of good exported affect the growth for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us