Discuss the extent to which economic development in the resource-rich economies of sub-Saharan Africa is likely to be promoted by international trade

Through international trade resource-rich economies in sub-Sahara Africa will be able to increase their exports; since exports are a component of Aggregate Demand, this will increase AD. Higher AD will increase the output of these economies, leading to higher GDP; resulting in higher levels of employment or living standards or raising GDP per capita.

However, higher GDP does not guarantee that economic development takes place as the benefits of economic growth may be unequally distributed or may be concentrated in just one sector of the economy

EH
Answered by Euan H. Economics tutor

2587 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

Evaluate government policies that could be used to reduce income inequality and wealth inequality in a developed country of your choice. 25 marks


Explain the key characteristics of a monopoly.


What is the deadweight loss of a tax and how do I calculate it?


Why is the long-run Phillips Curve vertical?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences