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Global Retail Development Index
An annual study that ranks countries based on the attractiveness and potential of their retail markets for investment by retail companies.
Trade Surplus
A situation where a country exports more goods and services than it imports, leading to a positive balance of trade.
Exporting
Producing goods in one country and selling them in another.
Joint Venture
Formed when a firm entering a new market pools its resources with those of a local firm to form a new company in which ownership, control, and profits are shared.
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