Question

How do developed countries maintain an advantage over

developing countries in international trade?

Answer 1

• Developed countries work on their industrialization more than developing countries by maintaining their industries up to date by introducing all recent techniques that help in growth.
• They work on their ca-pita and GDP more as compared to developing countries.
• Increase their literacy rate.
• Make their infrastructure more and more powerful and up to date.
• Develop more revenue by introducing new techniques and creating labs on which they research the feasibility analysis of techniques they can improve.
• Make their standards of living more high.
• Utilize their resources effectively and efficiently.
• Make their birth and death rate as low as possible.