Developing Countries Growth and Developed Countries Response

A trading nation (also known as a trade dependent economy, or an export oriented economy) is a country where international trade makes up a large percentage of the total economy. Smaller nations (by population) tend to be more trade-dependent than larger ones. To some extent all countries rely on trade, but the importance of trade varies substantially between countries. Trading nations tend to favor free trade policies and economic integration, or at least seek market access for their products (they may also seek some form of protectionism for their own industries). The most desired markets to access are the largest ones both developed and developing countries may rely on trade.