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In: Economics

1. “International trade needs to be both understood and regulated.” In light of this statement: a)...

1. “International trade needs to be both understood and regulated.” In light of this statement:
a) Describe and assess strategic trade theory and Porter’s diamond of national competitive advantage.
b) Outline and assess whether the Dunning OLI framework explains satisfactorily the occurrence of foreign direct investment.
c) Assess the role and contribution of the International Monetary Fund in progressing world trade.

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