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Illustrate liberalise or open up trade in market for promoting development?
Liberalise or open up trade implies that:
• Abandoning fixed exchange rates and elimination of restrictions onto imports for example tariffs and quotas. Formerly defended industries may be not capable to compete and require short term protection to permitting unrestricted capital flows as like an example of FDI distorts the economy of an LDC for example resources are assigned to meet the requirements of transnationals and not domestic producers and consumers; speculative capital inflows produce unstable exchange rates.
What is the failure effectiveness of multi-national companies (transnationals) in the promotion of development? TNC FDI failure into hindering development: • TNCs are accus
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