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Evaluate the reasons why the economic growth of the 2 economies (South Korea vs North Korea) varied. Discuss how international trade influenced the strength of
Evaluate the reasons why the economic growth of the 2 economies (South Korea vs North Korea) varied. Discuss how international trade influenced the strength of each economy. Discuss the role of value chains and value-added production.
Analyze how the failure to use value-added trade measures distorts trade statistics.
Examine at least 2 industries (farming and manufacturing) that have provided economy a comparative advantage in world trade.
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