Select a sector and briefly discuss what are the possible opportunities within t

Question

Select a sector and briefly discuss what are the possible opportunities within the sectors n your country?

How do you propose we proceed to ADD VALUE, moving higher up the food chain so to speak – beyond commodities which are so very tied to a very volatile market?? This is the main question after reviewing all the units, from the pros and cons of globalization, the liberalization of trade, of investment, entry into foreign markets, to the benefits of integration, opportunities for finance and ultimately how we diversify, restructure our economies to transform to more competitive business models - based on our historical antecedents. Most economies have embarked on this journey with varying degrees of success.

I ask the question again "how does your country "live", how are roads paved and electricity provided?

Explanation / Answer

In almost all countries struggle to get freedom in 18th & 19th century. They face so many economic issues to stable their life & government after they got the independence. They implemented a different kind of economic strategies like five-year plans which were started in Russia formed a communist party. Also in some countries they followed socialism and later implemented nationalism. In some countries they were still mugged up and faces several issues under capitalism and socialism.

These are all types of issues faced by the public in some countries even they got the independence. The awareness started in the countries after they have done in the long struggle with the economy. “Liberalization”, all countries freeze the war and initiated to start the trade. Liberalization of trade, it removes the restrictions between the countries. The countries started to do export and import the products from one country to another country.

Once the starts in between the countries then it slowly spread and enhance this trade activity into all corners/extreme corners of the countries. Finally, it leads not only to do the export and import between the countries and also they are helping each other by creating a peace and maintain fraternity.

The friendly relations will happen in between the countries so they can assist by giving economic assistance and improve the infrastructure like this.

Let us see one example:

India maintains fraternity relations with all almost all the countries and also other countries maintain the good relationship with India. In this scenario, India has done financial assistance to Nepal recently after severe hit with an earthquake in the country in 2015.

India also did the assistance by improving the infrastructure at Afghanistan.

America is also doing the same assistance by giving loans to poor countries from World Bank & IMF(International Monetary Fund).

This is the instance related to India happened in 1991. The great economic depression happened in India. At that time, World Bank has given a loan to India once it opts to LPG (Liberalization, Privatization, and Globalization). We know later well, India was kept stable to improve the economy stood at now to give a good competition for developed countries in terms of GDP.

There are so many advantages of Liberalization. If the country has done exports well to the developed nations ultimately their economic tariff will be changed and within shortly the country added to the list of developed nations.

If the country has well lead in the production and consumption of goods and services then it’s positive impact will show on GDP(Gross Domestic Product). Once the GDP getting a glittering value in an International market then all other countries attract to their respective country and initiated to start the investments/FDI (Foreign Direct Investment).

Once the investments came from another country then the government started to develop the infrastructure well in all states, cities, and villages. If the investments more came from the other countries then the nation will be stood at the developed economy.

So, these are all the things happened by the country to participate in the trade OR doing the trade in International market OR opted for Liberalization. The complete economic structure will change and economic tariff will also change.

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