Related Entries of the International Encyclopedia:

1. Autarky Autarky and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Autarky: A policy that attempts to create a self-sufficient national economy entirely insulated from international trade, usually for ideological or [...]...
2. Differentiation Differentiation and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Differentiation: A key element in firms' competitive advantage. Refers to market conditions in which a product can vary in some [...]...
3. Quota Rents Quota Rents and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Quota Rents: The increase in profits that accrue to an import dealer (under an import quota) or an exporting firm (under an export quota or [...]...
4. Industrial Policy Industrial Policy and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Industrial Policy: A program of selective government interventions designed to change the sectoral composition of a country's economy [...]...
5. F.A.S. F.A.S. and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of F.A.S.: An abbreviation (for "free alongside") used in international trade statistics and t sales contracts; a method of valuing traded [...]...
6. Export Trading Company Export Trading Company and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Export Trading Company: (Also known as an export management company.) A private firm that provides related-related services to other [...]...
7. Infant Industry Protection Infant Industry Protection and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Infant Industry Protection: Temporary import protection intended to help an industry that is not fully developed become [...]...
8. Managed Trade Managed Trade and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Managed Trade: A trade policy approach that denies the practicability of traditional "laissez-faire" approaches to trade, and instead [...]...
9. International Trade Patterns Ricardian Model and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Ricardian Model: A theory for explaining international trade patterns in terms of technological differences among countries and resulting [...]...
10. Economic Rent Economic Rent and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Economic Rent: The gain to a producer or resource owner resulting from a trade barrier or other restriction of supply that leads to a higher [...]...
11. Invisibles Synonymous with Invisible Exports And Imports (read this and related legal terms for further details).......
12. Rules-Oriented Trade Policy Rules-Oriented Trade Policy and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Rules-Oriented Trade Policy: An idealized approach to trade policy under which governments establish a set of rules for the [...]...
13. Soft Loan A loan repayable by a foreign borrower in a Soft Currency (read this and related legal terms for further details). Such loans usually have been the product of long-term sales to countries without hard currency repayment ......
14. Export-Led Growth Export-Led Growth and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Export-Led Growth: A macroeconomic strategy focusing on expansion of the export sector --such as through export subsidies or competitive [...]...
15. Deindustrialization Deindustrialization and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Deindustrialization: A term denoting a negative impact of international competition on the overall size of a country's manufacturing [...]...
16. Unrequited Transfer A transfer payment, ie., the transfer of assets from one nation to another without expectation of recompense.......
17. Market Power Market Power and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Market Power: The ability of an individual firm to exert control over prices prevailing in the markets for its products or services. The highest [...]...
18. Trade Balance J-Curve and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of J-Curve: The expected adjustment path in a country's trade balance following a currency depreciation or devaluation. Because a change in the [...]...
19. Trade Diversion The shift in purchases from sources outside a free-trade area (within which tariffs have been eliminated) to a union member, even though the cost of purchasing outside the union (before duty) is less than procuring from within. The absence of duty among members of the free- trade area more than [...]...
20. Economies of Scale Economies of Scale and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Economies of Scale: (Also known as increasing returns to scale.) Cost savings that occur in production processes where higher output [...]...
21. Learning Curve Learning Curve and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Learning Curve: A technological regularity observed in many leading-edge industries, in which the marginal cost of production tends to fall as [...]...
22. Short-Term Capital Short-Term Capital Transactions and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Short-Term Capital Transactions: An element of a country's balance of payments that reflects loans granted to or received [...]...
23. Technology Policy Technology Policy and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Technology Policy: Government measures or programs to promote innovation and adoption of new technologies in key industries. Such tools [...]...
24. Industrial Targeting Industrial Targeting and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Industrial Targeting: Selection by a government of industries deemed imponant to the evolution of the economy, and encouraging their [...]...
25. Restrictive Business Practices Restrictive Business Practices and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Restrictive Business Practices: Actions of private or public enterprises --such as collusion among the leading international [...]...
26. Economic Profit Economic Profit and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Economic Profit: The amount by which a producer's income exceeds total operating costs, including the cost of capital provided by the [...]...
27. Entente Literally, "an agreement." In political usage, an understanding among governments as represented by accords on important areas. Commercially, the term is used on the Continent as a synonym for a cartel.......
28. Trade Creation The substitution of lower- cost foreign goods for higher-cost domestic manufactures.......
29. Shakeout Shakeout and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Shakeout: A condition that may occur as a result of innovation or technological change in a competitive industry. Because the introduction of new [...]...
30. Agglomeration Economies of Agglomeration and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Economies of Agglomeration: Cost savings that occur when industrial flm1s are located in close proximity to each other and are [...]...
31. Screwdriver Assembly Screwdriver Assembly and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Screwdriver Assembly: The export of components to manufacturing subsidiaries or...
32. Forfeiting Forfeiting and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Forfeiting: A means of financing foreign trade based upon the transfer of debt obligations arising from the sale of goods and services, usually exports....
33. Multilateralism Multilateralism and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Multilateralism: An approach to trade policy focusing on multilateral negotiations (as opposed to bilateral negotiations or regional trade [...]...
34. Deadweight Loss Deadweight Loss and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Deadweight Loss: The net cost to society due to market imperfections or government interventions such as trade restrictions --i.e., losses by [...]...
35. Strategic Partnerships Strategic Partnerships and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Strategic Partnerships: A type of cooperative strategy in which corporate alliances are made between organizations --including between [...]...
36. F.O.B. F.O.B. and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of F.O.B.: An abbreviation (for "free on board") used in international trade statistics and sales contracts; a method of valuing traded goods [...]...
37. Offshore Production Offshore Production and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Offshore Production: Manufacturing activities and assembly operations of foreign subsidiaries or affiliates. Beginning in 1963, US [...]...
38. Structural Adjustment Policies Structural Adjustment Policies and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Structural Adjustment Policies: Measures --such as worker re-training and placement, capital formation, and R&D support [...]...
39. Standardized Product A product marketed worldwide without substantial variation in the product's composition or appearance. Product standardization helps in achieving significant economies of scale. See differentiated product.......
40. Liner Conference Liner Conference and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Liner Conference: In maritime transport, a group of shipping companies that jointly ..determine freight charges, sailing frequencies, and [...]...
41. Political Risk An economic risk assumed by foreign creditors that political or military conditions in a debtor's country may preclude settlement of the obligation when due.......
42. Shiping Transshipment and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Transshipment: Shipping goods through one country to another country in order to conceal the true country of origin. [...]...
43. Turnover Summary of Turnover The rate at which sales occur, relative to the capital employed. For example, if sales are one million dollars, and capital employed is one hundred thousand, the capital turnover is ten.(Main Author: William J. Miller) Turnover and International Trade Economy [...]...
44. Airbus Airbus and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Airbus: Refers to commercial aircraft produced by Airbus Industry, a government- backed consortium comprising Aerospatiale (France), Daimler [...]...
45. Imperfect Competition Imperfect Competition and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Imperfect Competition: When an industry is marked by imperfect competition, market prices send "incorrect signals" regarding [...]...
46. Tying Contract Tying Contract and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Tying Contract: (Also known as a tie-in contract or bundling.) A restraint of trade ~ arrangement by which a product can be purchased only [...]...
47. Arm's Length Pricing Arm's Length Pricing and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Arm's Length Pricing: The price at which a particular product or service would sell in a transaction between unrelated buyers [...]...
48. Repatriation Summary of Repatriation The transfer of investment proceeds or the return of capital from a foreign country back to the home country of the investor.(Main Author: William J. Miller) Repatriation and International Trade Economy In relation to international trade economy, [...]...
49. Futures Contract Futures Contract and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Futures Contract: A contract for goods, foreign exchange, or financial assets to be delivered at a certain future date on terms and at [...]...
50. Economic Vulnerability Economic Vulnerability and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Economic Vulnerability: In the context of trade relations, the proportion of a country's GNP accounted for by exports and imports [...]...
51. Dual-Use Dual-Use Goods (or Technology) and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Dual-Use Goods (or Technology): Refers to products or the technology embodied in those products that are intended primarily [...]...
52. Track Track I and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Track I: Designation for consolidated negotiating activities in the final phase of the Uruguay Roundconcerning market access in goods....
53. National Champions National Champions and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of National Champions: Firms that are the focus of government efforts to consolidate a national industry through industrial targeting. Such [...]...
54. Specialization Agreement Also known as a rationalization agreement, an arrangement among competing manufacturers of like products that each will sell only certain products, thereby providing each participant in the agreement a dominant position for a given product.......
55. Rent-Seeking Rent-Seeking and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Rent-Seeking: In international trade contexts, refers to the economically unproductive practice of individuals, firms, and industries investing [...]...
56. Price Discrimination Price Discrimination and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Price Discrimination: The practice of charging unequal prices to different buyers of products that are essentially identical, when such [...]...
57. Trade Negotiations Committee Trade Negotiations Committee (TNC) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Trade Negotiations Committee (TNC): The steering group established at the outset of the GA 1TUruguay Round (Sec. I) to [...]...
58. Economies of Scope Economies of Scope and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Economies of Scope: Cost savings that occur when reductions in average total costs can be achieved by increasing the number of distinct [...]...
59. Innovation Systems Innovation Systems and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Innovation Systems: The network of public- and private-sector institutions that initiate or import, modify, and diffuse new technology in [...]...
60. Increasing-Returns Industry Increasing-Returns Industry and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Increasing-Returns Industry: An industry requiring an exceptionally large or expensive physical plant, so that economies of scale [...]...
61. Allocation Cartel An agreement among firms in a particular industry by which each participant is assigned certain customers or areas within which it will be the exclusive or principal supplier.......
62. Economic Nationalism A conscious, articulated national drive toward economic self-sufficiency. Economic nationalism is comparable to Autarchy (read this and related legal terms for further details) but does not mandate the economic isolation......
63. Technology Driver Technology Driver and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Technology Driver: A product with a relatively simple design which a manufacturer may produce in high volume in order to hone its skills [...]...
64. State Trading Nations State Trading Nations and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of State Trading Nations: Countries that rely on government entities instead of private corporations to conduct their [...]...
65. Environmental Dumping Environmental Dumping and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Environmental Dumping: Refers to an unfair trade practice whereby an exporter achieves a cost advantage over its [...]...
66. European Currency Unit (ECU) European Currency Unit (ECU) and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of European Currency Unit (ECU): A unit of value based on a "currency basket" comprising specific amounts of the [...]...
67. Market Performance Market Performance and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Market Performance: The principal focus of competition policy, market performance refers to the degree to which a particular industry or [...]...
68. Horizontal Integration Summary of Horizontal Integration Also known as horizontal expansion, the expansion of a firm through the acquisition of additional production capacity in its primary field. For example, a shipping company may expand horizontally by acquiring other vessels on the same trade route.(Main [...]...
69. Vertical Integration Summary of Vertical Integration Also known as vertical expansion, the incorporation into a business or economy of earlier or subsequent stages in the channel of production. For example, a chemical producer may undertake (backward) vertical integration by producing its own petroleum as raw [...]...
70. Sensitive Products Sensitive Products and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Sensitive Products: Goods produced by a domestic industry employing large numbers of workers, for which the costs of [...]...
71. Forum Shopping Forum Shopping and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Forum Shopping: Refers to the ability of countries to take advantage of differing procedures fordispute settlement under [...]...
72. Vertical Restraints Vertical Restraints and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Vertical Restraints: Anticompetitive restraint of trade arrangements imposed by a firm at one stage in a chain of transactions --usually [...]...
73. Adjustment Costs Adjustment Costs and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Adjustment Costs: The economic and social costs of reallocating resources from .domestic industries forced to contract as a result of [...]...
74. Demarche Demarche and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Demarche: A formal diplomatic communication of a country's position on an issue, presented to an official representative of [...]...
75. Call Call and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Call: A request by an importing country for consultations with an exporting country concerning products whose shipments during a [...]...
76. Tariff Rates Column 2 Rates and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Column 2 Rates: US tariff rates assessed on imports from countries not receiving most- favored-nationtreatment. Most [...]...
77. Soft Currency A national currency that, because of exchange controls, is not freely convertible into gold or other currencies. Such controls are usually manifest in officially set rates of exchange that do not reflect the price of the soft currency, were it permitted to trade freely.......
78. Predation Predation and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Predation: In international trade contexts, an aggressive pricing strategy in which a foreign producer prices below cost to drive domestic firms [...]...
79. Industrialized Countries Industrial Countries or Industrialized Countries and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Industrial Countries or Industrialized Countries: (Also known as developed countries) A [...]...
80. Tied Loan A loan to a foreign nation or firm that requires the proceeds of the loan to be spent only in the creditor nation. Such an arrangement stimulates the economy of the country making the loan. The debtor nation, however, because it is constrained in spending the funds, may encounter higher prices [...]...
81. Downstream Dumping Downstream Dumping and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Downstream Dumping: Sales at below cost in a firm's home country to a "downstream producer," which [...]...
82. Competitive Advantage Competitive Advantage and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Competitive Advantage: (Not the same as comparative advantage.) A market position established either by providing comparable buyer [...]...
83. Absolute Advantage Absolute Advantage and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Absolute Advantage: The ability of a country to supply a particular product or class of goods at lower costs than competing nations. See [...]...
84. Comparative Law Comparative law may be defined as the study of the similarities and differences between the laws or legal rules of two or more countries, or between two or more legal systems (i.e. the study of legal systems and laws in different countries). It is not a body of rules and principle. It is a [...]...
85. Comparative Law Contents Contents Comparative Law Contents Introduction to Comparative Law Comparative Law Definition Comparative Law and Foreign Law Comparative Law Method Mixed ... Read more...
86. Comparative School Contents The Comparative School The comparative school, “of which the leading early exponents were the German legal scholar Rudolf von ... Read more...
87. Comparative Politics Political Science: Fields in Political Science: Comparative PoliticsIntroduction to Comparative PoliticsComparative politics involves study of the politics of different countries. Some political scientists, known as area specialists, study a single country or a culturally similar g......
88. Comparative Law and Private International Law This section contain conflict of laws information and cross references related to comparative law and private international law on some major countries and additional jurisdictions. It covers key issues involved when citizens face international situations. Information on private international [...]...
89. Comparative Law Classification (Max Planck Institute) Contents Comparative Law Classification (Max Planck Institute) Notation Classification Rvgl 1. History Rvgl 2. Constitution Rvgl 2.1. Constitution, general aspects ... Read more...
90. Comparative Study Resources See Also Further Reading Information related to comparative study in the Max Planck Encyclopedia of International Law(MPEPIL), Germany, United Kingdom...
91. Comparative Law Methodology Related Work and Conclusions Resources See Also References (Papers) "Playing God?": An Examination Of The Legality Of Crispr Germline Editing Technology Under The Current International Regulatory Scheme And The Universal Declaration On The Human Genome And Human Rights, Brooke [...]...
92. Comparative Stylistics Resources See Also Comparative interpretation Comparison of handwriting Forensic linguistics...
93. Comparative Education Resources See Also Legal Education Education Education Law Higher Education Vocational Training Training...
94. Ab Solute Advantage The ability of a country to supply a given product at an economic cost lower than that of a competing nation.......
95. Dictionary of International and Comparative Law Contents Dictionary of International and Comparative Law About the Dictionary of International and Comparative Law Author: Fox, James R. Publication ... Read more...
96. International Encyclopedia of Comparative Law Contents International Encyclopedia of Comparative Law International Encyclopedia of Comparative Law (IECL) is a multivolumen (17-volume Encyclopedia), one of the ... Read more...
97. American Journal of Comparative Law Contents The American Journal of Comparative Law Introduction “The American Journal of Comparative Law is published by the American Society ... Read more...
98. Elgar Encyclopedia of Comparative Law Contents Elgar Encyclopedia of Comparative Law This legal Encyclopedia offers chapters on legal topics, such as statutory interpretation or insurance, ... Read more...
99. Comparative Contract Law Contents Comparative Contract Law This entry provides an overview of comparative contract law. It shows several differences between the civil ... Read more...
100. Comparative Immigration Policy Contents Comparative Immigration Policy Resources See Also immigration law, immigration, immigration policy, immigration control, nativism, immigrant reception, nation building, immigration ... Read more...
101. List of Comparative Law Publications in english Contents List of comparative law publications in english languaje Introduction Comparative Law is one of the most fascinating subjects in ... Read more...
102. British Institute of International and Comparative Law Embracing mainstream international law, this section on british institute of international and comparative law explores the context, history and effect of the area of the law covered here. Resources Further Reading The entry "british institute of international and comparative law" [...]...
103. Free Trade Introduction Free Trade, interchange of commodities across political frontiers without restrictions such as tariffs, quotas, or foreign exchange controls. This economic policy contrasts with protectionist policies that use such restrictions to protect or stimulate domestic industries. See [...]...
104. Protectionism Protectionism Definition Protectionism may be defined as government policies that favor domestic products over imported goods. The debate between protectionism and free trade has been a continuing issue in United States politics. Meanings For information on: * systematic protectionism [...]...
105. Balance of Payments Balance Of Payments Summary of Balance Of Payments The sum owed to or by a nation as the result of its international transactions during a given time period, usually one year. The balance of payments is calculated by subtracting the nation's total payments to foreigners from total [...]...
106. Commercial Risk The risk borne by an exporter that his foreign customer may be unable to pay for merchandise imported under open account terms. Commercial risk is contrasted with political risks, which arise from governmental actions and are unrelated to the financial condition or credit-wor- thiness of the [...]...
107. Commodity Summary of Commodity A nondifferentiated product produced with commonly available technology.(Main Author: William J. Miller) The Legal History of Commodity in Islamic Law This section provides an overview of Commodity in Islamic Law Commodity in International Trade Meaning of [...]...
108. Convertibility Summary of Convertibility The ability of a currency to be exchanged for other currencies in settlement of current account transactions. Currencies are convertible in varying degrees, although the ability of nonresidents freely to purchase and sell a given currency, without governmental [...]...
109. Devaluation Summary of Devaluation The official reduction of the value of a nation's money in relation to a standard (usually gold), special drawing rights, or the U.S. dollar. Inasmuch as all currencies are ultimately valued in terms of some standard, devaluation results in the conscious increase [...]...
110. Feminist Comparative Policy Literature Review on (Policy Analysis) Feminist Comparative Policy In the Encyclopedia of Public Administration and Public Policy, [1] Amy G. Mazur offers the following summary about the topic of (Policy Analysis) Feminist Comparative Policy: This entry maps out a new area of policy [...]...
111. Country List of Countries and Jurisdictions United States of America Afghanistan Albania Algeria American Samoa Andorra Angola Anguilla Antigua Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and [...]...
112. Cabotage Summary of Cabotage Literally, coastwise navigation, generally used to denote the proscription of foreign flag vessels in a nation's coastwise trade. Since an act of Congress in 1817 (2 Stat. 351), the coastwise trade of the United States has been reserved exclusively to American [...]...
113. Cartel Summary of Cartel An alliance among firms in the same line of business aimed at controlling or dominating their field on an international basis.(Main Author: William J. Miller) Definition of Cartel In accordance with the work A Dictionary of Law, this is a description of Cartel : [...]...
114. Complementary Exporting An arrangement in which a manufacturer markets his products internationally through the distribution channel of another firm, usually a manufacturer of similar but noncompetitive products.......
115. Consortium Summary of Consortium A multiparty commercial undertaking, differing from a joint venture by virtue of the comparatively large number of participants.(Main Author: William J. Miller) Consortium and International Trade Economy In relation to international trade economy, [...]...
116. Current Account Summary of Current Account An entry in a nation's balance of payments accounts reflecting the purchase of goods or services for consumption immediately or in the near future. See Balance of Payments.(Main Author: William J. Miller) Current Account and International Trade [...]...
117. Laissez-faire Laissez Faire Summary of Laissez Faire A doctrine that government should refrain from any form of trade regulation, leaving productivity and distribution of wealth purely to market forces and individual industry. The concept arose around the beginning of the eighteenth century in France, [...]...
118. Terms of Trade Summary of Terms of Trade An export-import price ratio derived by dividing indices of export prices by indices of import prices. For example, when export indices are 105 percent of a base period, and import indices are 98 percent of the same base period, then the terms of trade [...]...
119. Customs Legal Issues Customs were the original form of international commercial law. As we have seen in the history of lex mercatoria, the customs existed before any statute of commercial law was made and were often the basis for legislation.(1) Customs in International Trade Meaning of Customs, [...]...
120. Competition Policy Competition Policy and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Competition Policy: A broad category encompassing antitrust and other policies to remedy the imperfectly competitive nature of key [...]...