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saravanan said:
Any Economy has to pass through the stages namely, Aggrarian,Manufacturing and Trade. The faster an economy grow from aggrarian to Manufacturing,the more it becomes independent. Globalisation has even sprankled high competition environment in developing countries. Hence to struggle and compete with global standards, our companies/enterprises have to increase the standard/quality of their material and export as much as possible to EU,USA or other countries where the lucrative gains are possible. This is how we save economy. Aid is certainly not an option because its more like Do or Die. Though dying is not an option here really, in case of disasters a country(developed or developing) needs aid from all over the world to sustain. So Trade instead aid..
mani said:
Definitely trade is better than aid as the aids given in form of funds are not utilized properly for development and large sum of money goes inside the pocket of ministers. But with the trade any developing country can be benifited in two ways one it will get money for growth and development and secondly it will abridge the gap between a developing country and developed country.
India is developing country which requires help from its neighboring countries as well as from the powerful countries of the world in order to become developed country.
ReplyDelete- Developing countries need trade and not aid for their development. Because aid makes a country dependant on other countries for their requirements.
- Only trade can enhance the economic growth of a developing country by developing better relations with other nations.
- Aid is short term solution to any problem but trade is a long term solution to a developing country’s problems. A developing country like India needs trade which will provide various opportunities within the country to improve its current situation
- Developing trade boosts the confidence and pride of people with in the country.
- It develops more entrepreneurs and generates opportunities for job seekers.