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Other things the same, domestic investment will increase a country's real GDP by more than foreign investment.
Regiocentric
An approach in international business that involves focusing on and tailoring strategies to specific geographic regions rather than individual countries or the global market.
Ethnocentric
Characterized by or based on the attitude that one's own group is superior to others in culture or nationality.
Polycentric
In the context of international business, polycentric refers to a strategy or approach where a company adapts its products, practices, and policies to fit the local cultures and conditions of the countries in which it operates.
Transnational Company
A corporation that operates in multiple countries, transcending national boundaries with integrated global strategies.
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