What are the benefits of global trade?
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Studied at Stanford University, Lives in Palo Alto, CA
Each country can produce and export goods and services in which it has a comparative advantage and import goods and services in which it doesn't. Advantages of global trade include specialization, economic growth and reduction of global conflict.
2023-04-18 14:09:30
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Amelia Lewis
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Each country can produce and export goods and services in which it has a comparative advantage and import goods and services in which it doesn't. Advantages of global trade include specialization, economic growth and reduction of global conflict.