How can embracing globalization by governments in DVC promote economic growth?

What will be an ideal response?

If DVC that are closed to international trade or limit international trade can open up their economies to international trade, then they are likely to experience more growth. This expanded trade requires reducing trade barriers and other restrictions to trade. As trade expands, it will also benefit DVC by helping to increase private investment and the transfer of more advanced technology. DVC governments also need to set realistic exchange-rate policies that are not fixed or contribute to economic instability.