Least Developed Countries

250 Words1 Page
bulb-icon

Recommended: Regional trade agreements

Please identify a regional trade organization or agreement where your Least Developed Country is a member. Please explain the benefits of being a member of that body. Sierra Leone is part of African Growth and Opportunity Act (AGOA). The African Growth and Opportunity Act (AGOA) is a United States Trade Act, initiated on May 18, 2000, as Title 1 of The Trade and Development Act of 2000 to assist the economies of Sub-Saharan African (SSA) countries (International Trade Administration). The benefit of is that it increases trade by lowering or eliminating barriers to trade. In other word, companies doing business in Sierra Leone do not incur any foreign exchange cost. Another benefit of integration is that it helps Sierra Leone towards the

Show More
Related

  • Anheuser-Busch and France

    2192 Words  | 5 Pages

    Country Reports on Economics, Policy and Trade Practices: Courtesy of UM- St Louis. (2000). Available:gopher://gopher.umsl.edu:70/00/library/govdocs/crpt/crpt0029

    Read More

  • Western Culture and Child Soldiers

    763 Words  | 2 Pages

    "Sierra Leone." Columbia Electronic Encyclopedia, 6Th Edition (2013): 1-3. Academic Search Premier. Web. 11 November 2013.

    Read More

  • Imperialism: Great Britain in Africa

    1028 Words  | 3 Pages

    Priscilla. “The World Economy and Africa.” JSpivey – Home – Wikispaces. 2010. 29 January 2010. .

    Read More

  • Free Trade Essay

    829 Words  | 2 Pages

    These types of treaties seek not only to promote growth in the economy between countries, there are different levels of integration although stimulate trade is the main, it is also important to make an exchange in factors of production, seeks to take advantage of what is known As comparative advantages between each participating region or country which would result in a more efficient development in its different markets and an improvement in the economic

    Read More

  • Poverty in Less Developed Countries

    469 Words  | 1 Pages

    Poverty in Developing and Less Developed Countries The world includes less developed countries and developing countries. Less developed countries are countries considered to be poor and often contain many people who are in absolute poverty. Developing countries are countries like India, which are gaining in wealth. There are two types of poverty within the world.

    Read More

  • Regional Trade Agreement

    2292 Words  | 5 Pages

    The political force moved away from the painstakingly and time-consuming technique of multilateral tariff negotiations to smaller regional and bilateral provisions - the Regional Trade Agreement. In these arrangements; members accord preferential treatment , basically agreeing to liberalize the exchange of goods and services amongst each another giving regard to certain trade barriers. RTA is not the first-hand way of trade liberalization though. Initially, when multilateral trade discussions used to happen, two-sided and multiparty FTA”s filled the vacuum. There were restrictions from stringent and premeditated trade arrangements earlier, thus a lot of states are now moving towards freer trade for their own benefits.

    Read More

  • Singapore And Singapore: A Comparative Advantages Of Singapore

    1143 Words  | 3 Pages

    Lastly, the comparative advantage of a country in ASEAN is being treated as a cheap trading product instead of being taken as an advantage for the country if they were to stand alone. Citizens in the country will have more choices in the domestic markets due to the low imported tariffs imposed and will have a great impact on their product which have comparative advantage.

    Read More

  • India as a Third World Country

    2134 Words  | 5 Pages

    Although only recognized as an independent country since August 1947, India has been widely known throughout history. Starting as early as the 27th century BCE with the birth of one of the world’s first highly sophisticated civilization, namely the Indus Valley Civilization, India has been recognized for its rich historical and cultural heritage. While it was only a lot later in its history, specifically during the rule of king Ashoka in the 5th century that the country started to unify; it was during the during the two hundred years of British colonization when this big mass of area in South Asia accepted a unified national flag and became the country that it is today. A country that is home to over 1.2 billion people. A country where its long history has left different layers of deposit that have neither totally merged nor ceased to influence the Indian people. India is one of the world’s most complex societies in which “centuries coexist”, however, this greatness in diversity and culture also seems to hinder development in this country. India has thus been labeled a “third world”, but before we go any further let us try and find out what that means. What is a third world country and how does a country like India fit the image? By 1921, about 84 percent of the world had been colonized since the sixteen century with approximately 168 colonies. During past two centuries the world has seen an increasing number of new nations being born due to the process of decolonization. As the numbers were increasing, especially after 1945, political theorists sought to find a term to categorize these new nations that were considered qualitatively different from older countries of Europe and Northern America and thus termed them as “Third World...

    Read More

  • Why Disease Is Predominant in Poor Countries

    843 Words  | 2 Pages

    Why do poor countries have a predominance of infectious disease as opposed to the lifestyle-related diseases of wealthy countries? What is your response to the global health inequalities that exist?

    Read More

  • More Economically Developed Countries and Less Economically Developed Countries

    929 Words  | 2 Pages

    Comparison Between MEDC and LEDC The comparisons between MEDC- More Economically Developed Country and LEDC-Less Economically Developed Country are many and varied but are mainly related to finance which gives the MEDC a higher standard of living for its occupants than those of the LEDC. Geographically most MEDC are situated in the northern hemisphere were as the LEDC are mostly in the southern hemisphere. Most MEDC are well advanced or have completed their development period for example the United Kingdom were as the LEDC are still in the early stages. Development of a country can be shown in a demographic transition model; this model consists of four stages.

    Read More

  • Role of Governments in Trade

    1713 Words  | 4 Pages

    In order for international trade to work well, governments must allow the world market to determine how goods are sold, manufactured and traded for all to economically prosper. While all nations may have the capability to produce any goods or services needed by their population, it is not possible for all nations to have a comparative advantage for producing a good due to natural resources of the country or other available resources needed to produce a good or service. The example of trading among states comprising the United States is an example of how free trade works best without the interve...

    Read More

  • International Development in Developing Countries

    2380 Words  | 5 Pages

    “…increasing international trade and financial flows since the Second World War have fostered sustained economic growth over the long term in the world’s high-income states. Some with idle incomes have prospered as well, but low-income economies generally have not made significant gains. The growing world economy has not produced balanced, healthy economic growth in the poorer states. Instead, the cycle of underdevelopment more aptly describes their plight. In the context of weak economies, the negative effects of international trade and foreign investments have been devastating. Issues of trade and currency values preoccupy the economic policies of states with low-income economies even more than those with high incomes because the downturns are far more debilitating.1”

    Read More

  • The Differences Between Rich and Poor Countries

    1731 Words  | 4 Pages

    The Differences Between Rich and Poor Countries More economically developed countries are richer. This means that the countries make more money and the people in the countries have more money to spend on health, education, food and luxuries. People in these countries earn enough money so that they can borrow even more and buy their own houses and cars. They do jobs in the service industries, which mean they help people, like teachers and doctors. Less economically developed countries are poorer.

    Read More

  • Developing Countries and Problems They Face

    1247 Words  | 3 Pages

    four adults in ten who can read and write and less than one in four

    Read More

  • Poverty in Developing Countries

    590 Words  | 2 Pages

    As developed countries quench their thirsts for petrol, developing countries around the world are left behind, force to watch on without any help from the outside community. Being poor means to be disadvantaged in every single way. It means not being able to support yourself or your family or have the basic necessity to life. Without substantial help for these helpless people then we should be feeling guilty that we are living lives far better than what others are experiencing. Poverty may because by wars, disease or lack of education and infrastructure and the resulting consequences may be hunger, starvation, crime and ultimately death. If poverty is not eradicated then injustice will continue, increasing death tolls and lives.

    Read More

More about Least Developed Countries

Open Document