Countries around the world specialize production, and trade with other countries based upon

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06-03-2017
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Countries around the world specialize production, and trade with other countries based upon

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ferrettiusa ferrettiusa · Answer 1 · 2017-03-16T18:57:37+01:00

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International trade, at least after the Industrial Revolution, is no longer based on local but global perspectives. The relationship between countries, therefore, takes place in a logic of reciprocity. The trade between, for example, Brazil and Argentina, occurs in such a way as to foster the economic institutions of the two countries, stimulating an effective commerce. Thus, the demands that govern international trade are also constituted at the global level.

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