Sponsor Area

Comparative Development Experiences Of India And Its Neighbours

Question
CBSEENEC11009699

What are the various means by which countries are trying to strengthen their own domestic economies?

Solution

Following are the various means by which countries are trying to strengthen their own domestic economies:

1. They are forming regional and economic grouping.

2. There is an increasing awareness on the parts of various nations to join hands together and understand the developmental processes pursued by their neighbouring nations at it allows them to better comprehend their own strengths and weaknesses vis-a-vis their neighbours.

3. By trying to understand the neighbouring economies as all major common economic activities in the region have an impact on overall human development in a shared environment.