Ephlon Inc., an Italian bike manufacturer, opens a factory in the United States. This is an example

Ephlon Inc., an Italian bike manufacturer, opens a factory in the United States. This is an example

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 Ephlon Inc., an Italian bike manufacturer, opens a factory in the United States. This is an example of:

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the catch-up effect.

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a foreign portfolio investment.

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the accumulation of human capital.

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a foreign direct investment. 

 
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