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Subject. International business Q.No.5: Keeping in mind international trade concepts answer the following questions, (a) What is the distinction between import substitution and export-led growth?

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International business

Q.No.5: Keeping in mind international trade concepts answer the following questions, (a) What is the distinction between import substitution and export-led growth? What are the potential consequences of each? (b) One of the distinct and assorted risks that global firms confront is the trade barriers. Indicate whether or not the statement is true. Give an example. (10 marks ) 12:35 PM

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