Term
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Definition
| An economic regime that manages international economic relations; this includes the International Monetary Fund (IMF), the World Bank, & the World Trade Organization (WTO). |
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Term
| Foreign Direct Investment |
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Definition
| The purchase of assets in a country by a foreign firm. |
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Term
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Definition
| The process of expanding & intensifying linkages between states, societies, & economies. |
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Term
| Intergovernmental Organization |
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Definition
| Group created by states to serve certain policy ends. |
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Term
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Definition
| The fundamental rules & norms that link states together & shape their relationship to one another, usually regarding some specific issues (such as greenhouse gases or trade). |
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Term
| Multinational Corporation (MNC) |
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Definition
| Firm that produces, distributes, & markets its goods or services in more than one economy. |
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Term
| Nongovernmental Organization (NGO) |
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Definition
| A national or international group, independent of any state, that pursues policy objectives & fosters public participation. |
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Term
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Definition
| A process by which a firm moves some of its work to a secondary business outside the home country that can do the work more efficiently or cheaply. |
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