Learn › Economics glossary › The global economy

Economics glossary · The global economy

Wider export markets

What wider export markets means in economics, as one of effects on developed economies, with an example and a question to test yourself.

Definition
Wider export markets
Wider export markets let firms in rich countries sell to fast-growing economies abroad, which helps them reach economies of scale.
Example

Can you think of an example of wider export markets?

Test yourself

Can you name three effects of globalisation on developed economies?

Learn it properly: the module

Related terms