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According to the Product Life-Cycle Theory,the Locus of Global Production

question 73

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According to the product life-cycle theory,the locus of global production initially switches from the U.S.to other advanced nations and then from those nations to developing countries.The consequence of this trend for the pattern of world trade is that over time the U.S.:

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Definitions:

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The practice of learning about a subject or subjects in which one has taken the initiative to find information and knowledge independently, often outside of a formal educational setting.

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