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Importance of Trade

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Trade is significant to most countries. Pick a country. Communicate three reasons why globalization and trade are significant for the country. Provide a specific example or illustration to explain why each reason is significant. As always, please provide references to support your efforts.

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The answer to this problem explains why trade is significant to a particular country. The references related to the answer are also included.

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Trade is significant to the United States of America:

It is an important contributor to the economy. Exporting is a part of economic growth of USA. Specific examples are that according to the Census Bureau figures of 2008, exports supported 6 million jobs in the United States in 2006.
Trade ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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