Answer to Question #132556 in Microeconomics for Neba

Question

What are the economic implication of technological change and trade liberalization?

Answer 1

Technological change and trade liberalization is helpful as it is helpful in increasing the integration between countries. Its also important as it has strengthened international cooperation, open borders and increased trade orientation. Also , increased employment especially in the technology sectors and production of high quality products thus creating a positive trend in the trade balance