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Why does investment by multinational corporations not necessarily help to close the foreign exchange gap.
Trade Deficit
A scenario in which a nation's expenditure on imported goods and services surpasses its revenue from exports, resulting in a greater outflow of money than inflow.
Trade Surplus
A situation in which a country exports more goods and services than it imports.
GATT Negotiations
Series of negotiations under the General Agreement on Tariffs and Trade aimed at reducing trade barriers and promoting international trade.
Intellectual Property Rights
Legal rights granted to creators and inventors to protect their inventions, literary and artistic works from unauthorized use.
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