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Essay text:
According to West, countertrade is used as a creative marketing device that is advantageous to everyone involved (West, 2002).
Explain how Countertrade is used in global financing operations
Countertrade encourages the exchange of products and promotes good will between countries importing and exporting products. Hard currency can be generated through countertrade to aid in paying for products. Investopedia (2008) describes hard currency as currency that comes from a highly developed country, such as the U. S. dollar and the British pound. These currencies are accepted around the world and considered to be stable for a short-term...
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