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01 --
International trade theory suggests that all countries should specialise
their production in sectors in which they have the
greatest ............... .
02 -- Following the ............... of the 1930s, the GATT was set up to foster trade liberalization after the war. 03 -- Trade liberalization in services ............... tackling non-tariff barriers in a very wide range of activities.
04 -- The progressive abolition of ............... during the 1980s, in particular, helped boost foreign direct investment, which in turn has brought about substantial changes in the international organisation of production.
05 -- The international division of labour is often criticised for favouring industrialised countries and ............... commodity-producing LDCs.
06 -- The price rises of the oil ............... have now been completely reversed.
07 -- Despite the importance of services in output and employment, trade in ............... still lags far behind trade in manufactures.
08 -- Rising birth rates and falling ............... rates have led to the demographic explosion in developing countries.
09 -- The strong rise in ............... during the 1970s and 1980s is still severely hampering a return to growth in developing nations, especially in Africa.
10 -- Concern for human rights has led to stronger ............... being attached to loans to developing countries.
11 -- Exporters who do business in ............... materials or products composed of or packaged with ............... material must be aware of the steps required to ship these items.
12 -- A Certificate of Origin is a document, required by foreign governments, declaring that goods in a particular international ............... are of a certain origin.
13 -- Any country has to maintain a minimum level of ............... to be able to pay for essential imports.
14 -- ............... strategies for development are widely seen to have failed, although the present crisis in the emerging countries also raises questions about capital market liberalization.
15 -- Many developing countries have made substantial investments in ............... industries for strategic and political considerations.
16 -- Using purchasing power parities can help give a better indication of comparative living standards than using ............... .
17 -- Organisations like the World Bank or the EIB provide ............... as a way for financing commercial development projects.
18 -- ............... development is meant to take into account environmental concerns in promoting economic activity.
19 -- The ................ economy is said to allow many citizens of developing countries to make-ends-meet.
20 -- The crisis in the emerging currencies has cast substantial doubt on the feasibility of ............... exchange rates.
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