Flashcard Set Preview
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| 1 |
MNC
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An enterprise that engages in foreign direct investment and owns or controls value adding activities...
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| 2 |
FDI
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Investment thats made across borders; investment that has a physical presence (i.e. buildings,...
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Portfolio Investment
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NOT THE SAME AS FDI!; purchase in stocks or 1loans (short term)
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| 4 |
Location (Home country, Host country)
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Home country: where the MNC has its headquarters; Host country: where the FDI is directed
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| 5 |
Stock markets
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where stocks are sold and bought; function: "est. the value of corporate sales"; issued to...
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| 6 |
What are the top 10 stock exchanges
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NY, Tokyo, NASDAQ, Euronext, London, Shanghai, HK, Toronto, Frankfurt, Madrid
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| 7 |
DJI (Dow Jones Industrial Average)
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an index that shows how 30 large, publicly owned companies based in the US have traded during...
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| 8 |
Dot Com Bubble
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expansion of internet phenomenon saw a huge increase in investment for IT companies
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| 9 |
sub-prime lending
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loans were given to "risky" people/families who would never normally be granted loans
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| 10 |
recession
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two consecutive quarters in which a country experiences a lack of growth
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| 11 |
glocalization
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local and global processes become inextricably interwoven, i.e. dialectical movement of globalization...
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Kennedy Round
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(62-67); focused on tariffs and anti-dumping measures; after this round, instead of negotiating...
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Tokyo Round
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(73-79); tariffs, non-tariff barriers (NTBs), specific framework agreements
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| 14 |
Uruguay Round
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(86-94); 8th round of negotiations; dealt with trade liberalization (cutting tariffs, esp....
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| 15 |
Free Trade Area
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least comprehensive of the three ways of liberalizing trade over smaller groups of countries;...
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| 16 |
Customs Union
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(a regional trade agreement); a FTA area in which the member countries agree to establish a...
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| 17 |
Common Markets
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(regional trade agreement); customs union that also has free movement of labour and capital...
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| 18 |
biopiracy
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wealthy countries would take advantage and steal their indigenous herbal medicines (ideas,...
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| 19 |
anti-dumping
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It occurs when manufacturers export a product to another country at a price either below the...
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| 20 |
Lender
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charges the borrower "interest" or a % of the outstanding loan each year
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borrower
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pays back part of the money borrowed, "principle" plus interest
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| 22 |
concessional lending
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loans at below-market rates of interest or interest free loans and grants
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| 23 |
Interest
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the payment for the use of borrowed money
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| 24 |
interest rate
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the price paid per dollar borrowed per period of time
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| 25 |
Debt-service
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the payment of capital plus interest charges necessary to pay off a loan over an agreed period...
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Debt-service ratio
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ratio of interest and principal payments due in a year to export receipts for that year
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| 27 |
IMF
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(European is president); an international financial institutions that attempts to promote monetary...
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IBRD
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International Bank for Reconstruction and Development; later, the World Bank; (American president);...
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| 29 |
PRSPs
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Poverty Reduction Strategy Papers
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| 30 |
valuation of nature
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a price is set for units of a given natural material through market exchange (laws of supply...
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commodification of nature
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harnessing and incorporating of nature for economic purposes
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