Nancy Dutta India 1k Questions 2k Answers 18 Best Answers 4k Points View Profile 0 Nancy Dutta Asked: May 6, 20202020-05-06T19:19:14+05:30 2020-05-06T19:19:14+05:30In: Education Explain foreign trade and economic development 0 Explain foreign trade and economic development trade Share Facebook 2 Answers Voted Oldest Recent manish1008 Bahadurgarh, India 1k Questions 1k Answers 0 Best Answers 4k Points View Profile manish1008 Added an answer on May 7, 2020 at 6:55 am Foreign trade provides foreign exchange that is used to remove the poverty and for other productive purposes. International trade plays an important role in increasing the production of any country. The foreign trade is remarkable factor in expanding the market and encouraging the producers. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp 0 Questions 557 Answers 19 Best Answers 0 Points View Profile [Deleted User] Added an answer on May 6, 2020 at 7:20 pm Foreign trade enlarges the market for a country’s output. Exports may lead to increase in national output and may become an engine of growth. Expansion of a country’s foreign trade may energise an otherwise stagnant economy and may lead it onto the path of economic growth and prosperity. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment.