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Overview

Increasing trade and investment between developing countries by reducing trade barriers could bring real benefits in terms of employment and incomes. It can also promote improved political relationships between countries, such as India and China, and enables countries to reduce their dependence on markets in the industrialised countries. Since two thirds of South-South trade is in manufactured goods, it can also promote industrialisation, though this benefit is likely to be restricted to the larger developing economies.

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978-1-84814-113-1

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