Trade

Question 1

What did economists believe?

Answer 1

The way forward for the south was industrialisation

Question 2

Allowing more revenue to flow..

Answer 2

Promoting increased wealth and living standards

Question 3

Dependent on..

Answer 3

1. Adoption of western style capitalism
2. Economic growth ‘tricking down’
3. Promotion of free trade

Question 4

Problems

Answer 4

1. They cannot invest in industrial and technological development at the same level of richer countries
2. Dependent on agricultural exports