Buy custom The Comparative Effectiveness of the World Bank and MNE’s on Developing Countries (Trade and Development)
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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2116 |
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The main reason that developing nations place barriers on imports from developed nations is because while advanced nations are known to trade in more capital-intensive products that do not harm their producers significantly; the producers of the least advanced goods of these advanced nations suffer from the lower prices from developing nations and seek protection to avoid this negative competition...
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(Carbaugh) In addition to these trade barriers, developing countries have their own internal problems such as corruption, dependency on primary goods as a means of exports, and low education equating limited skills, that the openness of their market economy.
One of the institutions set up to assist developing countries is the World Bank which is an overarching institution of five groups (The International Bank for Research and Development, the International Development Association, International Finance Corporation, Multilateral Investment Guarantee Association, and the International Center for Settlement of Investment Disputes) who all work closely with developing nations to overcome their economic difficulties...
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