Question

lets say you are intetested in how levels of trade for countries influence economic growth. How would you structure the dataset to analyze this relationship

Answer 1

The different levels of trade for countries influence economic growth are as follow :

Trade is central to ending global poverty. Countries that are open to international trade tend to grow faster, innovate, improve productivity and provide higher income and more opportunities to their people. Open trade also benefits lower-income households by offering consumers more affordable goods and services. Integrating with the world economy through trade and global value chains helps drive economic growth and reduce poverty—locally and globally. The WBG’s engagements in countries including Macedonia, and Indonesia have made trade across borders easier, made logistics services more reliable, and streamlined procedures for clearing customs. These projects and others help create a global trading system that is more open, reliable and predictable for all.

Although globalization and trade present new opportunities, it is not without challenges. Developing countries may struggle to compete on a global scale for many reasons investment efficient or inadequate systems of transportation, logistics, or customs;p

1)poor connectivity in telecommunications, financial markets or information technology;

2).complicated regulatory environments that discourage new investments.

Etc are the reasons that affect the economic growth of a country at a peak level.

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