Question

In: Economics

Assume you are to export something to ethopia from Canada - what would that be and...

Assume you are to export something to ethopia from Canada - what would that be and why - please elaborate your answer.

Solutions

Expert Solution

Assuming I am exporting something from Canada to Ethiopia.

Item to be exported- Fuel (energy).

Reason - Availability of affordable energy is really vital for an economic growth, specially for a developing nation like Ethiopia. More reliable and cheaper sources of energy is an important component as it serves as the fundamental support to expand the agriculture, industries and services. Ethioppia is mainly dependent on agriculture and having a new mordern ways to agriculture will promote its GDP. Even the industrial sector and the transportation will highly be improved.
In the same time, Canada being abundant with natural resouces and one of the largest exporters of fuel, this will help with the Canadian economy as well.


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