Economic maldevelopment is a form of economic development that causes negative impacts on people, society and the environment. Sometimes maldevelopment and development occur simultaneously, sometimes only one occurs and sometimes one succeeds another.
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A free trade agreement (FTA) is an agreement between two or more countries to reduce or abolish tariffs (and perhaps some non-tariff barriers) in specific traded goods and services, generally on a permanent basis. There are very well known FTAs in the European Union, in the North American FTA and in parts of East Asia, among others.
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Read the full article here.
