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17 Cards in this Set
- Front
- Back
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Privatization |
The transfer of public sector assets to the private sector, the transfer of management of state activities through contracts and leases, and the contracting out of activities previously conducted by the state |
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Terrorism |
Unlawful acts of violence committed for a wide variety of reasons, including ransom, to overthrow a government, to gain release of imprisoned colleagues, to exact revenge for real or imagined wrongs, and to punish nonbelievers of the terrorists' religion |
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Stability |
Characteristic of a government that maintains itself in power and whose fiscal, monetary, and political policies are predictable and not subject to sudden, radical changes |
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Instability |
Characteristic of a government that cannot maintain itself in power or that makes sudden, unpredictable, or radical policy changes |
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Country Risk Assessment (CRA) |
An evaluation, conducted by a bank or business, that assesses a country's economic situation and policies and its politics to determine how much risk exists of losing an investment or not being paid |
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Dumping |
Selling a product abroad for less than the cost of production, the price in the home market, or the price to third countries |
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Subsidies |
Financial contributions, provided directly or indirectly by a government, which confer a benefit, including grants, preferential tax treatment, and government assumption of normal business expenses |
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Countervailing Duties |
Additional import taxes levied on imports that have benefited from export subsidies |
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Tariffs |
Taxes on imported goods for the purpose of raising their price to reduce competition for local producers or stimulate local production |
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Ad Valorem Duty |
An import duty levied as a percentage of the invoice value of imported goods |
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Specific Duty |
A fixed sum levied on a physical unit of an imported good |
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Compound Duty |
A combination of specific and ad valorem duties |
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Variable Levy |
An import duty set at the difference between world market prices and local government-supported prices |
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Nontariff Barriers (NTBs) |
All forms of discrimination against imports other than import duties |
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Quotas |
Numerical limits placed on specific classes of imports |
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Voluntary Export Restraints (VERs) |
Exports quotas imposed by the exporting nation |
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Orderly Marketing Arrangements |
Formal agreements between exporting and importing countries that stipulate the import or export quotas each nation will have for a good |
