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02 Apr 2013

Trust and trade

Trust is certainly an influential factor in the world of trade, especially on the nature of associated terms. But of course it is not essential that the trading parties have trust in each other. Their willingness to trade may be underpinned by a mutual reliance upon a third party intermediary or their confidence in the underpinning legal system. Or it could be that the potential economic benefits outweigh the risks associated with the possible areas of 'untrustworthy' behavior.


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