The most plausible answer would be:
Buy different goods and services they need from other countries
While these countries specialize in producing and selling lower-cost cloth and clothing, they still require various goods and services that may not be available or cost-effective to produce domestically. Therefore, they would use the money earned from cloth and clothing exports to procure other necessary goods from other countries. This would allow them to meet their domestic needs, enhance their standard of living, and promote economic growth through international trade.
Pakistan, Bangladesh and Sri Lanka specialize in producing and selling lower cost cloth and clothing than other countries. Pakistan, Bangladesh, and Sri Lanka will use the money they earn from selling these items on the global market to:
Buy cloth and clothing from India.
Buy different goods and services they need from other countries
Stop trading with other countries
Limit the cloth and clothing they sell to other countries
1 answer