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BRAZIL: EMBRACING GLOBALIZATION?
Essay specific features
Written by:
Jessica S
Date added:
October 20, 2014
Level:
University
Grade:
A
No of pages / words:
6 / 1486
Was viewed:
5534 times
Rating of current essay:
Essay content:
This case illustrates the challenges that developing countries face in defining trade policy. It also introduces the role of regional trade blocks as an alternative to globalization. At the current time regionalism seems to be very much in vogue and seems to be much more likely to be the basis for future trade system changes than comprehensive trade treaties...
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Brazil's import-substitution strategy initially appeared to be a success, creating a temporary boom in the 1960's and 1970's that masked the strategy's longer-term implications.
Import substitution industrialization also called ISI is a trade and economic policy based on the premise that a developing country should attempt to substitute products, which it imports, mostly finished goods, with locally produced substitutes...
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