BL611
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Tue Jan-03-06 04:08 PM
Response to Reply #57 |
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These nations DO NOT have plenty of resources, their main resource is plenty of cheap low skill labor, but these nations do not have the capital to use this resource, and so they need at least SOME foreign investment (not to mention technical knowhow) to help grow the economy and erode poverty. Protectionism means that the government closes its borders to foreign products and investment, in some instances that is in the peoples best interests, in other instances, it's not.
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