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

Answered by Euan H. Economics tutor

1987 Views

See similar Economics A Level tutors

Related Economics A Level answers

All answers ▸

What are the components of Aggregate Demand?


What is price elastic demand?


Choose an example of a demerit good and and a policy which may be used by the UK Government to help reduce its consumption


What are the Macroeconomic Effects of Currency Fluctuations?


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 2013–2024

Terms & Conditions|Privacy Policy