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What Is the Country Similarity Theory? According to This Theory

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What is the country similarity theory? According to this theory, what factors affect trade patterns?


Definitions:

Labor-Management Cooperation

A collaborative effort between employers and employees to improve working conditions, productivity, and the overall success of the organization.

U.S. Labor Law

A body of laws, regulations, and judicial decisions that address the legal rights of, and restrictions on, working people and their organizations in the United States.

ESOPs

Employee stock ownership plans, which are employee benefit plans giving workers ownership interest in the company.

Worker Representation

The participation of employees in decision-making processes and governance within an organization, often through unions or employee councils.

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