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International BUS

International Business midterm study guide

QuestionAnswer
Free trade Area ie NAFTA, EU (include the theory here A free trade area is where member countries sign a free trade agreement to abolish tariff and taxes on trade between member countries. In a free trade area each country sets taxes and tariffs with all other third party countries. FTA is based on Adam Smi
Relative Deprivation
Hannah Arendt
WTO
GATT
Absolute Advantage
Comparative Advantage
Bretton Woods
Beggar thy neighbor/
Mercantilism
Liberal Economic Theory
Globalism
Tariffs
NTBs Quotas Protectionism Standards Subsidies/countervailing duties
FDI
Ad valorem Duty
Specific Duty
Compound Duty
International Fischer Effect
Exchange Risk
Curse of Oil
Globalization
John Maynard Keynes
Dependence/Interdependence
Normal Trade Relations
Customes Union
Common Market
Economic Union
Political Union
Strategic Clusters
Created by: kelsupch08
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