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5 Cards in this Set
- Front
- Back
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Multinational enterprise
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A firm that operates on a worldwide scale without ties to any specific nation or region
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Organization of Petroleum Exporting Companies (OPEC)
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Was founded in 1960 in response to reductions in the prices that oil companies were willing to pay for crude oil. The organization was conceived as a collective - bargaining unit to provide oil producing nations some control over oil prices
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North American Free Trade Agreement (NAFTA)
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Joined the United States with its first - and second - largest trading partners, Canada and Mexico. Implementation of NAFTA on January 1, 1994, created a market of over 436 million people
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International Monetary Funds (IMF)
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An international bank with 184 member nations that make short - term loans to developing countries experiencing balance - of - payment deficits
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World Trade Organization (WTO)
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An international organization of nations dedicated to reducing or eliminating tariffs and other barriers to world trade in goods, services, and ideas
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