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e tariffs and other barriers to international trade and to eliminate discriminatory treatment in international merce. 4 ?Competitive advantage:競爭優(yōu)勢 – A nation’s petitiveness depends on the capacity of its industry to innovate and upgrade. ?Free Trade:自由貿(mào)易 – Trade or merce carried on without such restrictions as import duties, export bounties, domestic production subsidies, trade quotas, or import licenses. 5 ?Capital flow:資本流動 – Movement of large sums of money from one country to another to seek higher rates of return and for investment purposes. ?GNP:國民生產(chǎn)總值 – Gross National Product, total value of goods and services produced in