Term
| What are the 3 indicators of the Human Development Index? |
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Definition
1. Life expectancy at birth
2. Education attainment
3. whether or not average incomes meet the basic needs of life in that country |
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Term
| replaced GATT in 1994, based in Switzerland. Only established international organization that deals with global rules of trade among nations |
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Definition
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| organization established to lower trade barriers, such as high tariffs on goods and restrictions on products that inhibit free flow of goods across boards |
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Definition
| General Agreement on Tarrifs and Trade (GATT) |
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Term
| practice of selling a good in a foreign market at a price lower than its domestic price or cost |
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Definition
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Term
| designates maximum quantity of a product that may be brought into a country during a specified time period |
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Definition
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Term
| intergovernmental agreements designed to manage and promote trader activity's for specific regions |
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Definition
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Term
collaborative relationship bhetween independent firms that do not create an equity partnership or invest in eachother
a. joint venture
b. strategic alliance
c. Direct investement |
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Definition
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Term
formed when a firm entering a new market pools resources with a local firm to forms new company sharing ownership control, profits
a. joint venture
b. strategic alliance
c. direct investment |
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Definition
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Term
firm maintains 100% ownership of its plants, operation facilities and offices in a foreign country often through wholly subsidiaries
a. joint venture
b. strategic alliance
c. direct investment |
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Definition
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