Related Entries of the International Encyclopedia:

1. Bilateral Investment Treaties ContentsBilateral Investment Treaties Bilateral Investment Treaties resources ConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries Bilateral ... Read more...
2. List of international arbitration topics ContentsList of international arbitration topicsConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries List of international arbitration ... Read more...
3. List of international trade topics ContentsList of international trade topicsConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries List of international trade ... Read more...
4. Arbitration Organizations worldwide ContentsArbitration Organizations worldwideArbitration Organizations worldwide: web resourcesConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries Arbitration Organizations ... Read more...
5. Bilateral Investment Treaties by countries Contents Bilateral Investment Treaties by countriesBilateral Investment Treaties ConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries ... Read more...
6. Defensive Investment An investment undertaken to protect larger commercial interests rather than for the return that the investment itself generates.......
7. 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 [...]...
8. Arbitral Institutions ContentsArbitral InstitutionsConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries Arbitral Institutions American Arbitration Association (AAA) Arbitration ... Read more...
9. Rules on Transparency in Treaty-based Investor-state Arbitration Rules on Transparency in Treaty-based Investor-state Arbitration in 2013 United States views on international law [1] in relation to Rules on Transparency in Treaty-based Investor-state Arbitration: As mentioned in Mr. Arbogast's statement above, UNCITRAL finished negotiations on a set [...]...
10. International Centre for Settlement of Investment Disputes International Centre For Settlement Of Investment Disputes Summary of International Centre For Settlement Of Investment Disputes An international agency affiliated with the World Bank and serving as a forum for the resolution of international investment disputes. The center was established [...]...
11. 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 [...]...
12. 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 [...]...
13. 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 [...]...
14. 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 [...]...
15. Arbitration resources ContentsArbitration resourcesArbitration books by year:Arbitration journalsArbitration ConventionsConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries Arbitration resources ... Read more...
16. 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 [...]...
17. List of International Business Law Landmark Cases ContentsList of International Business Law Landmark Court CasesIntroduction to International and Comparative Law CasesState Responsibility and International Environmental Regulation CasesInternational ... Read more...
18. Bilateral Investment Treaty Bilateral Investment Treaty (BIT) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Bilateral Investment Treaty (BIT): An agreement between two countries providing for nondiscriminatory [...]...
19. 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 [...]...
20. Market Structure Market Structure and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Market Structure: Refers to the structure of an industry or market, as reflected in the number and size distribution of sellers and buyers, [...]...
21. Rules of Conduct Market Conduct and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Market Conduct: In a particular industry or market, refers to practices which, individually or in combination, shape the market performance [...]...
22. 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 [...]...
23. 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 [...]...
24. Icc International Court of Arbitration Icc International Court of Arbitration International Court of Arbitration in International Trade Meaning of ICC (International Court of Arbitration), according to the Dictionary of International Trade (Global Negotiator): The ICC International Court of Arbitration was created in 1923 as the [...]...
25. Investment treaty law and arbitration books reviews Contents Investment treaty law and arbitration books reviewsBook ReviewsConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries ... Read more...
26. Investment Rules Relationship of Competition Law to Trade and Investment Rules This section provides an overview of relationship of competition law to trade and investment rules within the legal context of Competition Law and Policy in international economic law (Main Regulatory Areas). Resources Further [...]...
27. Venture Capital Venture Capital Definition Venture Capital may be defined as money or capital provided for new business ventures by investors other than the original proprietor. The term is sometimes also used for capital provided to rescue or turn around a company. Venture capitalists—that is, [...]...
28. Trade and Investment Council Trade and Investment Council in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Trade and Investment Council: A forum for bilateral consultations between the United States and various countries which have [...]...
29. 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 [...]...
30. 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 [...]...
31. 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 [...]...
32. Investment Arbitration Investment Arbitration in Private International Law This section contain conflict of laws information and cross references related to investment arbitration on some major countries and additional jurisdictions. It covers key issues involved when citizens face international situations. [...]...
33. Investment Policy Advisory Committee Investment Policy Advisory Committee (INPAC) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Investment Policy Advisory Committee (INPAC): A policy-level committee that forms part of the private sector [...]...
34. Investment Requirements International investment is a cornerstone of the world economy: it creates jobs, economic growth and prosperity at home, and supports development and stability worldwide. United States Office of Investment Affairs (OIA) The Office of Investment Affairs works to improve the climate for [...]...
35. 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 [...]...
36. Arbitration: Consequences of the non-application of the New York Convention ContentsArbitration: Consequences of the non-application of the New York ConventionBreach of the New York ConventionBreach of investment treatyAward is unaffected ... Read more...
37. Inventory Investment The aggregate national increases or decreases, expressed in monetary terms, of inventories held by the private sector. Also known as inventory change, an increase or decrease in private sector inventories not offset by current consumption is viewed as an investment in the economy.......
38. Trade-Related Investment Measures Trade-Related Investment Measures (TRIMs) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Trade-Related Investment Measures (TRIMs): Designation for a Uruguay Round "' [...]...
39. 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 [...]...
40. Anti-Trust Rules This section provides an overview of anti-trust rules within the legal context of Competition Law and Policy in international economic law (Main Regulatory Areas). Relation of IPRs to Trade, Investment and Anti-Trust Rules This section provides an overview of relation of iprs to trade, [...]...
41. Ad Hoc Investment Arbitration Ad hoc Investment Arbitration This section provides an overview of ad hoc investment arbitration within the legal context of Investment Arbitration Fora in international economic law, with coverage of Adjudication and Enforcement (Principles). Resources Further Reading Ucheora Onwuamaegbu, [...]...
42. Royalties In the United States For information about Royalties in the context of international trade, click here Royalties and the Laws of International Trade Royalties Intellectual Property and Competition Law Royalties in International Trade Meaning of Royalties, according to the Dictionary of [...]...
43. 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 [...]...
44. 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 [...]...
45. 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.......
46. 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 [...]...
47. Fair Trade Fair Trade and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Fair Trade: International trade involving shipments that do not benefit from government assistance. Fair trade --and the related concept of unfair [...]...
48. Export Platforms Export Platforms and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Export Platforms: Refers to countries such as Mexico, Taiwan, Singapore, Malaysia, and South Korea that established incentive programs [...]...
49. 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......
50. Market Disruption A condition in which foreign imports of a given product increase in quantity so rapidly as to cause, or threaten to cause, material injury to a competing domestic industry. A finding of market disruption before the International Trade Commission may result in retaliatory actions against the [...]...
51. Mature Economy A developed economy in which population growth is declining and new capital investment is slowing. Mature economies tend to be highly urban and industrial. Many economists hold that limited new investment in productive capital will, over time, result in economic stagnation and high unemployment.......
52. 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 [...]...
53. Technology Transfer Technology Transfer and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Technology Transfer: The diffusion of practical knowledge from one enterprise, institution or country to another. Technology may be [...]...
54. Competitive Performance Competitive Performance and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Competitive Performance: The measurable results of competitiveness --i.e., the outcome of a country's or a firm's efforts in [...]...
55. Investment Regulation Impact of Domestic Regulation on Trade in Goods, Services and on Investment in International Economic Law In international economic law, impact of domestic regulation on trade in goods, services and on investment includes the following legal areas, with coverage in this world legal [...]...
56. Investment Arbitration Fora Investment Arbitration Fora in International Economic Law In international economic law, investment arbitration fora includes the following legal areas, with coverage in this world legal encyclopedia: li> Permanent Court of Arbitration (PCA) ICC International Court of Arbitration Arbitration [...]...
57. 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.......
58. 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 [...]...
59. Educational Innovation Resources See Also Legal Education Education Education Law Higher Education Vocational Training Training...
60. Business Model Innovation Business Model Innovation-oriented Technology Management for Emergent Technologies, the Law and other Social Sciences The diffusion of new technologies into the market challenges technology management in research and practice. Technology commercialisation and detecting markets at an early [...]...
61. Cross-licensing An arrangement in which one firm grants to another licenses to exploit proprietary rights in its patents or trademarks, secret processes, et cetera, in return for similar licensure to use the rights or processes of the recipient firm.......
62. International Trade Commission For more details on United States International Trade Commission, click here.......
63. Invisibles Synonymous with Invisible Exports And Imports (read this and related legal terms for further details).......
64. International Trade Law Outline Following an introductory overview of the principles and structure of international trade law, this entry concentrates on the substantive obligations in the agreements that form part of the World Trade Organization Agreement, including tariff and customs?related matters, [...]...
65. Antitrust Summary of Antitrust Legislation or public policies opposed to the monopolization or domination of a particular product or industry by one firm or a group of firms acting in concert. The object of antitrust laws is to preserve market competition. In the United States violation of the [...]...
66. Import Substitution Summary of Import Substitution The act of eliminating imports of a given product by commencing production locally, often accompanied by controls such as increased duties, quotas, or outright bans to discourage or prevent continued foreign imports. This approach is fairly common on the part [...]...
67. Intellectual Property Summary of Intellectual Property Intellectual Property is, according withWilliam J. Miller, a general term covering industrial property such as patents, trademarks, and trade names, as well as literary and artistic property, including copyrights. Consideration of the meaning of the word [...]...
68. International Trade International Political Economy Trends: International Trade Introduction to International Trade In the 21st century, international trade has grown to 20 percent of the world's total production of goods and services-around $6.5 trillion per year. This volume of trade is almost seven times [...]...
69. International Trade Organization International Trade Organization (ITO) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of International Trade Organization (ITO): (Not to be confused with Multilateral Trade "Organization, Sec. I). An [...]...
70. 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 [...]...
71. 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 [...]...
72. 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 [...]...
73. Intra-Industry Trade Inter-Industry and Intra-Industry Trade and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Inter-Industry and Intra-Industry Trade: Inter-industry trade involves exchanges between countries that link [...]...
74. 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 [...]...
75. Industries Sunrise vs Sunset Industries and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of Sunrise vs Sunset Industries. The term "sunrise" refers to industries with the greatest potential for growth and [...]...
76. 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 [...]...
77. Internationalization Internationalization and International Trade Economy Resources See Also Economic Development Social development Resources See Also globalization...
78. Territorial Restrictions Territorial Restrictions and International Trade Economy Resources See Also vertical restraints...
79. Intellectual Property Rights Introduction Intellectual Property Rights (IPRs) protection is one of the most important and current legal issues in the international trade arena. As international trade and investment increases around the world, copyrights, trademarks, patents and trade secrets need to be subjects of a [...]...
80. International Trade Logistics In the United States For information about International Trade Logistics in the context of international trade, click here...
81. International Commercial Law ContentsInternational Commercial law US Main Decisions:ConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries International Commercial law ... Read more...
82. International Aviation law ContentsInternational Aviation lawLegislation:Which are the main US cases relating to International Aviation law?ConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and ... Read more...
83. International Trade and Commercial Relations resources ContentsInternational Trade and Commercial Relations resourcesInternational Trade and Commercial Relations web resourcesConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned ... Read more...
84. Investment treaty law and arbitration books ContentsInvestment treaty law and arbitration booksBooks by year:ConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries Investment ... Read more...
85. Investment treaty law and arbitration reports ContentsInvestment treaty law and arbitration reportsConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries Investment treaty law ... Read more...
86. Investment treaty law and arbitration articles ContentsInvestment treaty law and arbitration articlesConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries Investment treaty law ... Read more...
87. Investment Treaty Cases: U.S.as respondent State ContentsInvestment Treaty Cases: United States as respondent StateInvestment Treaty Cases: U.S.as respondent State:ConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and ... Read more...
88. Investment Treaty Cases: ICSID arbitration rules A-E ContentsInvestment Treaty Cases: ICSID arbitration rules A-EConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries Investment Treaty ... Read more...
89. Investment Treaty Cases: ICSID arbitration rules F-Q Investment Treaty Cases: ICSID arbitration rules F-Q See: Investment Treaty Cases: ICSID arbitration rules A-E Investment Treaty Cases: ICSID arbitration ... Read more...
90. Investment Treaty Cases: ICSID arbitration rules R-Z ContentsInvestment Treaty Cases: ICSID arbitration rules R-ZInvestment Treaty Cases: ICSID arbitration rules R-Z:ConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and ... Read more...
91. Investment Treaty Cases: SCC arbitration rules ContentsInvestment Treaty Cases: SCC arbitration rulesConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries Investment Treaty Cases: ... Read more...
92. Investment Treaty Cases: UNCITRAL arbitration rules ContentsInvestment Treaty Cases: UNCITRAL (1976) arbitration rulesConclusionNotesSee AlsoReferences and Further ReadingAbout the Author/s and Reviewer/sMentioned in these Entries Investment Treaty ... Read more...
93. Investment Treaty Cases: ICSID Additional Facility arbitration rules ContentsInvestment Treaty Cases: ICSID Additional Facility arbitration rulesInvestment Treaty Cases: ICSID Additional Facility arbitration rulesConclusionNotesSee AlsoReferences and Further ReadingAbout the ... Read more...
94. Investment Treaty Cases: arbitration rules ContentsInvestment Treaty Cases: arbitration rulesInvestment Treaty Cases: arbitration rules Investment Treaty Cases: ICSID Additional Facility arbitration rules Investment Treaty Cases: ... Read more...
95. International Commercial Arbitration See also International business arbitration in this international legal encyclopedia. International Commercial Arbitration Resources Treaties and Conventions on Arbitration See also Treaties in this legal [...]...
96. Customary International Law Hello Customary International Law Customary international law applies in international law in case of absence of a treaty. J. L. Brierly, in "The Law of Nations: an Introduction to the International Law of Peace"states that in order to determine what international customary [...]...
97. 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 [...]...
98. Administered Pricing A condition in which the prices of certain goods and/or services are determined by governmental authority, supplier cartels (legal or illegal), or trade associations, and not by market forces. The purpose of administered pricing is to eliminate price competition or to maintain price stability [...]...
99. 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.......
100. Arbitrage Summary of Arbitrage The practice whereby foreign exchange or commodities are purchased in one market at lower cost and rapidly traded off in another, higher cost market. For example, if the pound sterling sells for $1.50 in Paris, but only $1.45 in New York, an arbitrageur could buy [...]...
101. 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 [...]...
102. Barter Summary of Barter A direct exchange of products without cash. In some cases, a third party is brought into the transaction to dispose of some or all of the goods in a third country; this practice is known as switch trading. See Countertrade.(Main Author: William J. Miller) Barter [...]...
103. 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 [...]...
104. Capital Account Entries in a nation's balance of payment accounts reflecting long- or shortterm loans made to other countries, or by other countries to the recording nation. See Balance of Payments.......
105. 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 : [...]...
106. 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 [...]...
107. 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.......
108. 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, [...]...
109. Conventional International Law International law that has arisen as the product of treaties or formal agreements among nations, as compared with international law that has developed through custom and usage over time.......
110. 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 [...]...
111. 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 [...]...
112. Cutthroat Competition A discriminatory pricing practice whereby one vendor deliberately reduces prices to a low level with the object of driving out competition, thereby creating a monopoly or dominant market share. In the United States such practices are banned, although they are often employed in foreign countries.......
113. 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 [...]...
114. ECU Ecu Summary of Ecu The European Monetary System is considered here.(Main Author: William J. Miller) ECU and International Trade Economy ECU (European Currency Unit) and Europe There is an entry on ecu (european currency unit) in the European legal encyclopedia. ECU and the [...]...
115. 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.......
116. Export Management Company A private company that serves as the export department of other firms, usually small- and medium-size manufacturers. An EMC will provide a variety of services for its clients, to include locating customers abroad, arranging transportation and financing for the merchandise, developing foreign [...]...
117. 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 [...]...
118. Industrial Property Summary of Industrial Property Intangible property such as patents and trademarks.(Main Author: William J. Miller) Spanish Translation of industrial property This is the legal translation of English to Spanish in relation to industrial property and / or a definition of this [...]...
119. Intergovernmental Organizations A list of some Intergovernmental Organizations is the following: Comprehensive Nuclear-Test-Ban Treaty Organization ( CTBTO ) Food and Agriculture Organization ( FAO ) Global Environment Facility ( GEF ) Intergovernmental Panel on Climate Change ( IPCC ) International Atomic [...]...
120. International Bauxite Association See the International Commodity Organization.......