COMMERCE 1E03 Lecture Notes - Lecture 3: Common External Tariff, Protectionism, Complex Differential Form
7 Feb 2018
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Document Summary
Balance of payments: the difference between money coming into a country and money leaving the country plus money flows from other factors. Strategic alliance: long term partnership to build competitive market advantages. Fdi (foreign direct investment): the buying of permanent property and businesses in foreign nations. International companies: are importers and exporters, they have no investment outside of their home country. Multinational companies: have investment in other countries, but do not have coordinated product offerings in each country. More focused on adapting their products and service to each individual local market. Ethnocentricity: an attitude that one"s own culture is superior to all others. Countertrading: a complex form of battering in which several countries may be involved, each trading goods for goods or services. Trade protectionism: the use of government regulations to limit the import of goods and services. Dumping: selling products in a foreign country at a lower price than those charged in the producing country.
