Position of india with respect to the comparative advantage
Question: Discuss the position of India with respect to the comparative advantage it holds in gems and jewellery, software services, and petroleum.
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Discuss the position of India with respect to the comparative advantage it holds in gems and jewellery, software services, and petroleum.
Problem: What are the advantages and disadvantages of regional trade areas such as the European Union and NAFTA?
Assume you are the owner-manger of an innovative computer software company, and your latest product is so revolutionary and superb it has resulted in your company controlling 98% of the industry in terms of total sales.
Moreover, being part of a large trading bloc allows a company to take advantage of special treaties, agreements and benefits. From global perspective also, it is more benefical for long term stability of macroeconomic factors.
In recent years non-tariff barriers have gained in importance as a protectionist device. Describe and evaluate the major non-tariff trade barriers.
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