Products made
or grown abroad but sold domestically.
Products made
or grown domestically but shipped and sold abroad.
The process by
which the world economy is becoming a single interdependent
system.
A nation's
ability to produce something more cheaply than any other country
can.
A nation's
ability to produce some products more cheaply or better than it
can produce others.
The difference
between a country's exports to other nations and its imports
from other countries the total economic value of all products
imported into a country minus the total economic value of all
products exported out of that country.
A negative
balance of trade; the situation in which a country's imports
exceed its exports.
A positive
balance of trade; the situation in which a country's exports
exceed its imports.
The flow of
all monies into or out of a country.
The rate at
which the currency of one nation can be exchanged for that of
another nation.
An exchange
rate system in which the value of any country's currency
relative to another country's currently is constant.
An exchange
rate system in which the value of one country's currency
relative to another's varies with market conditions.
A firm that
exports a product to a single or very small number of foreign
countries.
A firm that
buys products in foreign markers, then imports them into its
home country for resale.
A firm with a
significant portion of its business in foreign countries.
A company that
designs, produces, and markets products in many nations.
A foreign
resident or business that agrees to represent the interests of
an exporting company.
An arrangement
in which firms choose individuals or companies in a foreign
country to manufacture or market their product in that country
Payments made
to a license granter from a licensee, usually calculated as a
percentage of the licensee's sales.
An office set
up in a foreign nation by an international or multinational firm
A
collaboration between two or more organizations or an
international business arrangement in which a foreign company
finds a partner in the country in which it would like to begin
business. The company and its partner(s) then contribute
approximately equal amounts of resources and capital to the new
business. Also called a joint venture.
An
international business arrangement in which a firm buys or
establishes a tangible asset in another country.
A form of
bartering in which a country requires that a foreign company buy
products in that nation in exchange for the privilege of selling
its goods there.
A restriction
on the number of products of a certain type that can be imported
into a country.
A government
order forbidding exportation and/or importation of a particular
product or all the products, of a particular country.
A tax on
imported products.
A tariff
imposed strictly to raise money for the government.
A tariff
imposed to discourage the import of a particular product
A government
payment to a domestic business to help it compete with foreign
firms.
The practice
of imposing quotas, tariffs, or subsidies to protect domestic
industries from foreign competition.
Laws that
require products sold in a particular country to be at least
partly made in that country
An association
of producers whose purpose is to control supply and prices.
Selling a
product for less abroad than at home.
An
international trade agreement in which 92 countries agreed to
reduce tariffs.
(Common
Market) An agreement among Western European nations to eliminate
trade barriers within their group but to impose quotas and high
tariffs on goods imported from nonmember nations.
An agreement
between the United States and Canada to eliminate most trade
barriers between the two countries.
A United
Nations agency that makes loans to nations that are suffering
from a serious temporary negative balance of trade.
A United
Nations agency that makes loans to less developed countries to
help them improve productive capacity.
