The E.U., NAFTA, NATO, and WTO
represent examples of nations voluntarily agreeing to give up some of their sovereign rights to participate with member nations for a common, mutually beneficial goal. You just studied 13 terms!
When did a Chinese company try to buy Unocal?
Just a day after the China National Offshore Oil Corporation, or CNOOC
, one of China’s largest state-controlled oil companies, made an unsolicited bid of $18.5 billion for Unocal, senators and representatives, as well as lawyers, bankers and lobbyists, are taking jabs at what may become one of the thorniest strategic …
What political risk is occurring when a government decides to take over a business without paying for it?
What political risk is occurring when a government decides to take over a business without paying for it? (
Confiscation
is the seizing of a company’s assets without payment.
Which of the following is a primary political cause of instability in international markets?
There are five main political causes of instability in international markets: (1) some forms of government seem to be inherently unstable, (2) changes in political parties during elections can have major effects on trade conditions, (3)
nationalism
, (4) animosity targeted toward specific countries, and (5) trade …
What is economic nationalism quizlet?
Economic Nationalism.
Political movement to support the growth of the young nation’s economy by subsidizing internal improvements and protecting US industries
.
What political risk is occurring when a government decides to take over a business without paying for it quizlet?
Confiscation, expropriation, and domestication are classified as ________ risks. a means to helping U.S. business compete in the global marketplace. What political risk is occurring when a government decides to take over a business without paying for it?
a threat to sovereignty
.
What is the most important reason for a country to encourage foreign investment?
The most important reason to encourage foreign investment is
to accelerate the development of an economy
. An increasing number of countries are encouraging foreign investment with specific guidelines aimed toward economic goals .
What are the most frequently encountered political risks in foreign business?
Common types of political risks.
Expropriation/government interference
.
Transfer & Conversion
.
Political violence
.
What does political risk cover?
Political risk insurance provides
coverage to investors, financial institutions, and businesses that face financial loss due to political events
. Political events covered under political risk insurance include expropriation, political violence, sovereign debt default, and acts of terrorism or war.
What are the sources of political risk?
Risk factors mentioned include
political instability, legal and regulatory constraints, local product safety and environmental laws, tax regulations, local labor laws
, trade policies, and currency regulations.
What was the goal of economic nationalism quizlet?
What is the goal of Economic Nationalism? The goal of an Economic Nationalist state is
to use state power to support the state’s economic power so that the economic power can be used to ensure that the
state is as strong – and independent – as it can be.
What do you mean by economic nationalism?
Economic nationalism, also called economic patriotism and economic populism, is
an ideology that favors state interventionism over other market mechanisms, with policies such as domestic control of the economy, labor, and capital formation
, even if this requires the imposition of tariffs and other restrictions on the …
Which policy is an example of economic nationalism quizlet?
What are three examples of economic nationalism after the War of 1812? The three examples were
creating a new national bank, protecting American manufactures from foreign competition
, and building new canals and roads to improve transportation and link the country together.
What is an accurate description regarding balance of payments records?
What is an accurate description regarding balance-of-payments records?
They are maintained on a double-entry bookkeeping system
.
Which factor is most likely to explain Japan’s success in reducing corruption in its business system quizlet?
Terms in this set (15)
Which factor is most likely to explain Japan’s success in reducing corruption in its business system?
There is a marked increase in outside influence in Japan since 1999
. In a high-context culture, “who says it,” “how it is said,” and “when it is said” is very important.
What occurred that caused tariffs imposed on Vietnam by the US to go from 40 percent to less than 3 percent?
What occurred that caused tariffs imposed on Vietnam by the U.S. to go from 40 percent to less than 3 percent? …
reducing interregional trade and tariff barriers.
