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Questions -
1) In an effort to grow their economies, many developing countries have attempted shortcuts. List and discuss the three shortcuts mentioned in the lecture on Chapter7. Be sure to indicate which regions of the world the three shortcuts tend to be associated with.
2) (List and explain the six types of regional trade arrangements presented in Chapter 8. Briefly explain static and dynamic effects that arise from greater economic integration.
3) Explain the history and purpose of NAFTA. What were the concerns about NAFTA and briefly discuss the results of NAFTA, once it was enacted.
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