Trade measures for economic growth in underdeveloped countries

The last year has been a difficult time for the entire planet, from those who consider themselves with a stable and powerful economy, to all countries that have wished to achieve economic development in its entirety, the truth is that the chaos has occurred equally, in different stages, but we have all been victims of the same problem; now, all underdeveloped countries experienced in the foreground, the detriment of its economy, where the marketing of products, crude oil, raw materials and services, was delayed in a large percentage, due to the global health emergency experienced a short time ago.

Each government has taken a different economic recovery plan, as each one of them proposed to its population, what they believed was the right thing to do to get their finances back to normal, but it is at this precise moment, that the economic power of the different countries has come to light, as it will never be the same to recover the commercial activities of a developed country, than that of an underdeveloped country that struggles with many other things at the same time.

In order to partially recover the economic activities of small countries, certain measures must be taken into account that will channel the national economy in a long but effective way. Some of the measures to be taken must be the national production, where the international consumption of products is reduced and therefore their importation, making the national fields begin to produce the basic maintenance inputs for the population, on the other hand, mining, tourism and other activities that leave a large profit margin, should be prioritized, as long as the investment is low and with a quick return of capital.

When planning the steps to follow to recover the economy, the amount of money in the nation's coffers must be taken into account, thus a scheme of priorities will be made at a commercial level, starting with those activities that are executed with a low cost of raw materials and labor, as long as these activities leave a satisfactory result at the time of making economic balances of the nation; the underdeveloped countries should always take care of the small activities that leave great profits and are executed with a low cost, because these are the ones that will take them to be developed nations and of a high economic power.

Another important measure at the time of lifting the economy of an underdeveloped country, is the incentive to the creation of new companies, making these begin to produce and export all kinds of materials that leave large profits, thus ensuring two things, the first foreign exchange earnings to the nation and second the creation of new jobs, thus generating a cycle of supply and demand to keep the nation in a stable financial state.