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In the 21st century, global advancement is taking place at an alarming rate as a result of globalization being experienced across the board. Governments are trying hard to achieve economic growth and secure a place in the competitive nature of development that is taking place today. The majority of the countries have come strategic development plans.
Firstly, just like individuals, countries are different from each other and can all benefit from their differences by agreeing to each do the things they do best. Secondly, economies of scale can be achieved by these countries by focusing their energy on producing one good each on a large scale and more efficiently than trying to produce all the goods at once.
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