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13 Cards in this Set

  • Front
  • Back

Economic Nationalism

THe preservation of national economic

Expropriation

Taking companies away from their owners and into state ownership

Import Restrictions

When it is not permitted to import into a country

domestication

Taking steps to transfer foreign investmentsto national control and ownership through a series of government decrees

joint venture

When two companies together open/start a third company

local content

Portion of the local cost of a product that has to be produced locally

Common law

Tradition, past practicies and legal precendents set by the courts through interpretations of statues , legal legislation and past ruling

Code Law

Law based on written (coded) rules

Intellectual Property rights

Laws governing the ownership of intellectual property

merger

When two companies decide to join together

Common market

A free-trade area with a common external tariff, international labour mobility and common economic policies among member state.

NAFTA

The North American Free Trade Agreement is an agreement signed by Canada, Mexico, and the United States, creating a trilateral rules-based trade bloc in North America.

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