International business (Discussion Board) Assignment - 2

International business (Discussion Board) - Assignment Example According to Lamy, it is also important that the free trade agreements allow the developing countries to import what they are not good ad producing on their own. Allowing countries to trade at what they are not good at will effectively help the development of the countries. These countries can trade what they have for what they do not have, this means carrying out some kind of barter trade. Currently, the revenue these developing countries earn is spent on developing infrastructure such as roads and electricity production. They also offer their citizens social amenities such as educational and medical services. If they are allowed to trade for what they do not have, it will ease the burden on the governments’ shoulder. The governments would essentially trade for goods such as automated machineries for different production industries such as car manufacturing industries. The result will be further increase in their GDP and less dependence on foreign