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The way in which a country grows affects the pattern of trade of a country.True or false.Discuss.
Globalization
The process by which formerly separate economies, states, and cultures are tied together and people become increasingly aware of their growing interdependence.
Dependency Theory
A theory proposing that economic conditions in poorer countries are the result of exploitative policies and practices by more developed countries.
Economic Underdevelopment
A condition in which a country or region is not achieving its economic potential, marked by low GDP per capita, poverty, and low levels of industrialization.
Multinational Corporations
Large companies that own or control production of goods or services in one or more countries other than their home country.
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