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Explain the Trends in World Trade and Foreign Direct Investment

question 51

Essay

Explain the trends in world trade and foreign direct investment over the last half century.


Definitions:

Efficiency

The ability to achieve a desired outcome with the least waste of time, effort, or resources.

Primary Group

Small social groups characterized by close, personal, and enduring relationships, such as those among family, close friends, and peers.

Social Ties

The connections and relationships between individuals that form the fabric of society, providing support, community, and social interaction.

Different Activities

A range of tasks or actions that vary in nature, purpose, or context.

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