7 Terms
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International economics
International trade theories, policies, finances and their effects on economic activities.
Industry: Economy
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International economics
Lomé Convention
Economy; International economics
An agreement originally signed in 1975 committing the EU to programmes of assistance and preferential treatment for the ACP Countries. The Lomé Convention was replaced by the Cotonou Agreement in ...
London Stock Exchange (LSE)
Economy; International economics
A company that handles the trading of the stocks of around 3000 companies from over 70 countries.
Louvre Accord
Economy; International economics
An agreement reached in 1987 among the central banks of France, Germany, Japan, US, and UK to stop the decline in the value of the US dollar that they had initiated at the Plaza Accord.
Made-to-measure tariff
Economy; International economics
A tariff set so as to raise the price of an imported good to the level of the domestic price, so as to leave domestic producers unaffected. Also called a scientific tariff.
Majority-owned foreign affiliate
Economy; International economics
A company in another country more than 50% of which is owned by a domestic person or company; thus one form of foreign direct investment.
Mandated countertrade
Economy; International economics
A requirement by government that importing firms engage in countertrade, as a means of increasing exports.
Maquiladora
Economy; International economics
A programme for the temporary importation of goods into Mexico without duty, under the condition that they contribute -- through further processing, transformation, or repair -- to exports. The ...