GLOBAL AFFAIRS
National Treatment
MFN
Reciprocity
State 3 guiding principles of the WTO
are taxes and duties that are imposed on the goods that are traded
What are tariff barriers
occurs when a country spends more on imports than it receives on exports.
What is current account deficit?
C+I+G+(X−M)
What is the formula for calculating GDP ?
Process of region / market breaking up into small , mutually hostile units
What is Balkanisation?
Is an intergovernmental organization that is concerned with the regulation of international trade between nations.
What is World Trade Organization
refer to restrictions that result from prohibitions, conditions, or specific market requirements that make importation or exportation of products difficult and/or costly.
What are Non Tariff Barriers
happens when a country's imports exceed its exports.
When does trade deficit happen?
the difference in interest rates between two countries equals the expected change in their exchange rate.
What is the theory of uncovered interest rate parity
firms start internationalization by
going to the markets they can most easily understand
What is guiding principle of Upsala Model ?
WTO members bring disputes here if they think their rights under trade agreements are being infringed.
What is responsibility of Dispute settlement body
Trade documents like Certificate of Origin, Certificate of Authenticity,
Multiplicity and Controls of Foreign exchange market,
Product classification, Buy National etc
Where do NTB’s arise from ?
sale of assets, foreign currency, increase value of exports, impose tariff barriers and foreign direct investment help in its reduction
How can current account deficit be reduced ?
is an economic measure of the total demand for all finished goods or services created in an economy.
What is aggregate demand ?
Either Ethno / MNC / Global orientations to International Business
What Is EPRG ?
Has over 160 members representing 98 per cent of world trade.
What is current country membership of WTO and how much of the world trade do they represent ?
The current account deficit as a percentage of gross domestic product (GDP)
What in particular is tracked and could also be a precursor to a devaluation of the currency
Differentials in inflation, in interest rates, current account deficit and public debt
State few key determinants of exchange rates.
Impacts government spending and tax policy, while the other influences the money supply, interest rates, and inflation.
What are Key impacts of fiscal and monetary policy ?
There must be considerations that take place within dyadic business relationships about their connectedness with other relationships.
What is the Principle of Network theory applied to TN
It provided the mandate for the negotiations, including on agriculture, services and an intellectual property topic, which began earlier.
What did the Doha Ministerial Declaration provide?
Affect the balance of trade by what is produced and by whom.
Which factor endowment affects balance of trade
Is a popular macroeconomic analysis metric to compare economic productivity and standards of living between countries
What is PPP
An agreement between two or more neighboring countries to remove trade barriers, reduce or abolish customs duty, and eliminate quotas
What is a customs unions?
Growth of global networks making countries interdependent in particular industries
What is an example of Competition as a driver of Globalisation ?