Globalisation The shift toward a to a greater extent integrated and independent world economy.
Globalisation of markets The merging of historically distinct and separate national markets into one huge globose marketplace.
Globalisation of production Sourcing goods and services from locations around the globe to polish off advantage of national differences in the cost and quality of miscellaneous factors of production.
International Business Any firm that engages in internationalistic plow or investment.
International Trade When a firm exports goods or services to buyers some other country.
Offshoring A form of outsourcing; it heart that the task previously performed in one country is this instant being undertaken abroad.
Outsourcing The task that were previously performed in-house are now purchased from another firm.
World Trade Organization (WTO) The organisation that succeeded the general promise on tariffs and trade and now acts to policies the world trading system.
fall in Nations Conference on Trade and Development (UNCTAD) A UN clay that promotes the integration of developing countries into the world economy as a means of attaining sustainable economic development.
Ad Valorem Tariff A tariff levied as a proportion of the value of the import goods.
Anti- cast away Polices Rules designed to punish foreign firms that engage in dumping and thus protect domestic help producers from unfair foreign competition.
parking lot Market A group of countries committed to eliminate trade barriers adopting a common external trade policy, and allowing factors of production to move freely between members.
Countervailing duties Temporary tariffs imposed to protect domestic producers from dumping.
Regional economic Integration (REI) The arises from agreements among countries in a geographical region to reduce to varying degrees the...If you want to get a full essay, order it on our website: Orderessay
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