seeduser

Ebook3w

"licensing Mercosur multinational corporations nationalism North American Free Trade Agreement (NAFTA) outsourcing preferential tariff principle of comparative advantage protectionism protective tariffs tariff trade deficit trade surplus Uruguay Round World Bank World Trade Organization (WTO) The legal process whereby a firm agrees to allow another firm to use a manufacturing process, trademark, patent, trade secret, or other proprietary knowledge in exchange for the payment of a royalty. Trade agreement between Peru, Brazil, Argentina, Uruguay, and Paraguay. Corporations that move resources, goods, services, and skills across national boundaries without regard to the country in which their headquarters are located. A sense of national consciousness that boosts the culture and interests of one country over those of all other countries. A 1993 agreement creating a free-trade zone including Canada, Mexico, and the United States. Sending work functions to another country, resulting in domestic workers losing their jobs. A tariff that is lower for some nations than for others. The concept that each country should specialize in the products that it can produce most readily and cheaply and trade those products for those that other countries can produce more readily and cheaply. The policy of protecting home industries from outside competition by establishing artificial barriers such as tariffs and quotas. Tariffs that are imposed in order to make imports less attractive to buyers than domestic products are. A tax imposed on imported goods. An unfavorable balance of trade that occurs when a country imports more than it exports. A favorable balance of trade that occurs when a country exports more than it imports. A 1994 agreement originally signed by 117 nations to lower trade barriers worldwide. An international bank that offers low-interest loans, as well as advice and information, to developing nations. An organization established by the Uruguay Round in 1994 to oversee international trade, reduce trade barriers, and resolve disputes among member nations."