2

What are the factors (positive and negative) that drive openness to trade with other countries in a country (e.g. developed, like USA, vs. developing, like China, country) and will these factors remain a key factor to drive trade openness for the respective country in the future?

So far I researched on stage of development, specialization of each country's skills, degree of trade liberalization and the geographical size.

3
  • 1
    Please could you clarify what you mean by "openness"? – WS2 Aug 14 '16 at 18:08
  • I meant openness to trade with other countries – user7414 Aug 14 '16 at 18:10
  • Last time I checked both China and the United States have plenty of import and export. Could you be a bit more specific about what difference you see between them? – Philipp Aug 14 '16 at 20:53
2

There are two major factors you need to investigate:

  1. Economics

    The main factor here is the internal demand for goods produced inside the country (China has a major problem in that area) compared to production capacity.

  2. Politics

    The domestic political power of the producers determines how much effort the country's leadership puts into specific areas of any trade deals (and is frequently industry specific).

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .