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Illustrate liberalise or open up trade in market for promoting development?
Liberalise or open up trade implies that:
• Abandoning fixed exchange rates and elimination of restrictions onto imports for example tariffs and quotas. Formerly defended industries may be not capable to compete and require short term protection to permitting unrestricted capital flows as like an example of FDI distorts the economy of an LDC for example resources are assigned to meet the requirements of transnationals and not domestic producers and consumers; speculative capital inflows produce unstable exchange rates.
What are the major area of decision making ? How does economic theory contribute to managerial decision ?
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you are appointed secretary of the treasury of recently indepent country called rugaria
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Explain about the long-run economic growth. Long-Run Economic Growth: Secular or long-run growth is the continued upward trend into aggregate output per person over many
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How can franchises ensure their products are appropriate for international markets?
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