Chapter 2 discussed international trade and the exchanging goods and services betweenpeople or entities in two different countries. Porter's theory states that the capacity of an industryto innovate and upgrade relies on the nation's competitiveness in an industry. Anarchism involveno form of government, and individuals control political activities. Totalitarianism governmentsdictate and control every part of an individual's life. Capitalism in a government that privatelyowns and controls production. Governments frown upon and even restrict foreign directinvestments by restricting ownership, through raising taxes, and placing sanctions on companies

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Heres a breakdown and some additional insights 1 International Trade International trade is the exch... View the full answer