One of the major challenges facing developing economies is the lack of a well-developed ...

One of the major challenges facing developing economies is the lack of a well-developed
  infrastructure.

The People's Republic of China can be considered both a developing economy and part of
  the Pacific Rim's market system.

A country in which the law of supply and demand determines how resources are to be
  allocated is said to have a command economy.

Marmas Industries just built a manufacturing facility in a foreign country. They are the sole
  owners of the plant, and the plant is a subsidiary of their domestic operations. This is an
  example of what the text refers to as direct investment.

A company in the United Kingdom sells an American-made product in the Commonwealth
  and pays the American manufacturer a specified amount for each unit sold. These two firms
  are operating under a licensing agreement.