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A good example of this would be “Foreign Direct Investment”. Secondly, the secondary types are those that are “wholly owned subsidiary” and “joint venture”. While others encompasses licensing, franchising, management contract and et cetera.
International trade can be seen as a tool to improve our standard of living and it definitely benefit all participating countries. It’s making sense that it’s better to specialise rather than people trying to be self-sufficient and do everything for themselves.
The reasons for international trade are really only an extension of the reasons for trade within a nation...
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