Countries of outwardly oriented adaptive development

This subgroup includes countries located both in Latin America and in Asia and Africa. In Latin America, these are: Bolivia, Colombia, Ecuador, Paraguay, Peru; in Asia, Turkey; in Africa – Egypt, Morocco, Tunisia. They are characterized by the export orientation of the industry, which is developing with massive penetration into the industry of foreign companies […]

International Trade Transaction

Any foreign economic activity requires a clear understanding of the legal framework within which it is carried out. The instrument for regulating the relationship of partners in international trade turnover is the appropriate legal system built on international and national sources. The legal form mediating international commercial transactions is an international trade transaction. According to […]