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Understanding World Trade

Even the smallest economic factor can scarcely escape the effects of global commerce today. For example, a local tomato farmer may be competing with foreign imports directly, exporting her produce abroad, or simply selling her tomatoes in a domestic market where the prevailing price is determined in part by the availability of competing foreign products. And it is not simply commercial activity that has an international flavor. Laws enacted in one country to protect the environment, labor standards, and competitive markets invariably affect citizens or governments of other countries.

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