foreign trade
local letter of credit
Local Credit
The concept of local credit has been around since it was first introduced in Europe in the Middle Ages. Local credit, or populare credit, was a way of pre-approving larger amounts of money for local businesses in the smaller communities. This was especially beneficial for those areas......
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Liam
comparative cost theory
Comparative Advantage Theory
Comparative advantage theory is an economics concept that suggests that countries can increase their economic output and profits by specializing in certain production activities and trading for goods that other countries produce. The theory is closely related to the c......
Ladder of Comparative Advantage
Advantages of the Ladder Theory
The Ladder Theory is a term that has been used in some form by scientists and philosophers for many years. It is a way of looking at the world through a hierarchical perspective and ordering information to better understand it. It is based on the concept of a hiera......
comparative advantage theory
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Competitive advantange is the power of a firm to gain greater profits and exceed the performance of its competitors. Companies gain competitive advantages and a larger market share by differentiating their products, reducing costs, and establishing better customer relationships. Through innovati......
comparative advantage trade model
Introduction
Comparative Advantage Theory or ‘CAT’ is a concept of international trade which demonstrates the benefits of trading between countries with differing cost or production. It focuses on countries specialising in certain products or services, taking advantage of the cheaper resource co......
safe haven currency
Safe Harbor Currency
In recent years, the importance of a safe harbor currency has become ever more apparent to individuals, organizations, and governments alike. Safe harbor currencies are currencies that provide an alternative to a countrys own currency which is tied to a much less stable polit......
tax haven
Offshore Tax Havens: What Are They And How Do They Work?
Offshore tax havens, also known as tax shelters, are countries or jurisdictions whose laws facilitate tax reduction for non-residents. These countries have laws designed to attract business entities from other countries that are seeking to ......
marginal propensity to import
Introduction
The global economy has seen a massive boom over the last few decades. As technology has improved, the ease with which goods can be produced and exported has significantly increased. This has led to a dramatic increase in international trade, with countries all around the world tradin......
border delivery
Cross-Border Delivery
The past decades have seen a continued increase in the volume of global trade and the number of international shipments. With the spread of technology and the interconnections of the world market, it has become easier than ever before to do business in different countries ar......
border trade
Cross-border trade is an international exchange of goods and services between two countries or two economic regions that are separated by borders and set by customs, tariffs and other regulations. The exchange of goods and services occurs through imports and exports, as one country exports goods an......
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- overseas trade
- shipping
- Korea Xinsheng Shipping Co., Ltd. Shanghai Office
- Hamilton's Protectionist Trade Doctrine
- Rationalized Global Planning Model
- Heckscher-Ohlin model
- black market price
- buy each other
- principle of reciprocal treatment
- The unit that accepts entrusted customs declaration
- reciprocal tariff
- sliding tariff
- digital wallet
- horizontal trade
- Horizontal international division of labor
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