Question: Please explain the seven global dimensions (functional areas). Why such a grouping is necessary? Some academicians argue that some imports should be restricted to allow

  1. Please explain the seven global dimensions (functional areas). Why such a grouping is necessary?
  2. Some academicians argue that some imports should be restricted to allow diversification of the domestic economy. Do you think it is a valid argument?
  3. How does Porter explain international trade in his theory: Competitive Advantage of Nations?
  4. How does a government participate in trade and restrict trade?

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