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An introduction to international trade, including the concepts of import and export, theories of comparative and absolute advantage, measuring international trade, strategies for reaching global markets, and forces that affect trade in global markets. It also covers trade protection and common markets. the advantages of joint ventures and strategic alliances, as well as foreign direct investment. The document concludes with a discussion of future trading opportunities in Brazil, Russia, India, and China.
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Import Buying products from other countries Export Selling products to other countries Best countries for business : Ireland, New Zealand, Hong Kong Free trade is .. The movement of goods and services between countries without political or economic boundaries Reasons for doing international trade:
Sharing technology and risks Share marketing and managerial skills Ease of product entry in cooperating countries Strategic Alliance is long-term cooperation to build a competitive market