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The economic structure of a country can present an obstacle to imports in a number of different ways. Countries with large internal markets are more likely to have a production system with a high degree of `home bias' (former Soviet Union, India and China before the 1980s, United States in the second half of 19th century and early 20th century). As the size of population and income are two significant determinants of the strength of the internal market, countries with large populations and high GNP have a greater absorption rate for domestically produced goods. Of course another point about a large country is the geographical expanse of the country: a large country is more likely to be self-sufficient in raw material...
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Common topics in this essay:
- “Foreign Trade Balance”
- “althoug Counterfeiting Is Illegal, It Is Not Harmful And In Fact Promotes Trade”
- Economic Theory Suggests That Markets Are Efficient And Security Prices Are Determined On The Basis Of Fundamental Value
- Economic Theory Suggests that Markets are Efficient and Security Prices are Determined on the Basis of Fundamental Value
- Explain what is meant by the term "barriers to trade;" use examples
- Foreign trade
- Global Shifts in production, trade and direct investment
- Vietnam'S Foreign Trade Development Issues:
- Wal-Mart Stores, Inc ? The Challenges of being Competitive Internationally
- Wal-Mart Stores, Inc ? The Challenges of being Competitive Internationally
- Barriers to Trade
- FOREIGN TRADE POLICY AND THE IMPACT ON AGGREGATE EXPENDITURES AND EQUILIBRIUM
- Foreign Direct Investment And Foreign Trade Regimes
- ECONOMIC BARRIERS TO TRADE
- economic effects of the foreign exchange rate
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