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1.Define direct foreign investment. Name one of the top five countries with the largest direct foreign investment in the United States.

2.What are trade barriers? Identify the two general kinds of trade barriers used by governments, and give one example of each.

3.During the 1990s, trade agreements were developed on the worldwide and the regional levels. Briefly describe a regional trade agreement and a worldwide trade agreement.

4.Briefly explain the phase model of globalization. List its stages in their appropriate order.

 

 

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