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Describe export dependence. Illustrate using an example. *** Please provide an answer in 2-3 sentences ***

Describe export dependence. Illustrate using an example.

*** Please provide an answer in 2-3 sentences ***
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Answer #1

The export dependence refers to a trading country who is very much dependent on trade.This type of countries are mainly export-oriented and their international trade makes up for a large percentage of it's GDP.

The less developed countries and countries having less population fall in this category.Example- countries like China and India are very much dependent on trade as manufacturing economies having a large work force as well as least developed countries who mainly exports agricultural products.

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