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Management article
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Reference no. 91402
Published by: Harvard Business Publishing
Published in: "Harvard Business Review", 1991

Abstract

Although they account for 20% of the world''s population and a major share of its natural resources, Latin America and Africa have been left out of the move to globalize trade and markets. Now, because of declining protectionism, these countries are ready to take an active role in world trade. By using the emerging Pacific Rim economies as a model, many of the less-developed countries ar e liberalizing their trade policies and privatizing their industries to create wealth.

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Abstract

Although they account for 20% of the world''s population and a major share of its natural resources, Latin America and Africa have been left out of the move to globalize trade and markets. Now, because of declining protectionism, these countries are ready to take an active role in world trade. By using the emerging Pacific Rim economies as a model, many of the less-developed countries ar e liberalizing their trade policies and privatizing their industries to create wealth.

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