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C'est l'échange international portant sur les MP, les biens manufacturés : marchandises et services. Le commerce ne comprend pas les investissements et tout autre flux de capitaux. Il est structuré par des accords multilatéraux ou bilatéraux. Il peut être freiné par des embargos ou des mesures protectionnistes. Une des caractéristiques de la mondialisation contemporaine est que la croissance des échanges est plus rapide que celle de la production

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