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Hey Everyone, This is video 6 of 9 videos in “The International Trade and Economic Development Series”. Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkHU2hlv6nWtW6hJif4bFskA The List! Here is the “The List” for “The International Trade and Economic Development Series” For an explanation of the logic of “The Lists” click here: https://youtu.be/dE0fbsgXlFE International barriers to development 1. Over-specialization on a narrow range of products 2. Price volatility of primary products 3. Inability to access international markets Trade strategies for economic growth and economic development 1. Import substitution industrialization (ISI) 2. Export promotion (export-led growth or outward oriented growth strategy) 3. Trade liberalization 4. Bilateral and regional preferential trade agreements 5. Diversification (in exports) Development strategies 1. Fairtrade organizations a. Fairtrade Labeling Organization International (FLO) I hope you find these videos helpful to your study of Economics. Enjoy! Brad Cartwright