Countries like South Korea, Taiwan, India, and China once had trade deficits and were seen as “third world,” but they became essential players in global supply chains.
A big factor was proving to foreign investors, suppliers, and customers that their markets were transparent, accurate, and reliable.
How do economies and businesses materialize that trust in practice? Through audits, certifications, government policy, legal systems, or something else? And how could West Africa follow a similar path today?
How do economies and businesses materialize that trust in practice?
byu/SmartZebra9627 inAskEconomics
Posted by SmartZebra9627