Chapter 8 - Government Intervention In International Business Flashcards Preview

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Flashcards in Chapter 8 - Government Intervention In International Business Deck (15)
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1
Q

Protectionism

A

National economic policies designed to restrict free trade and protect domestic industries from foreign competition

2
Q

Tariff

A

A tax imposed on imported products, effectively increasing the cost of acquisition for the customer

3
Q

Non-Tariff Trade Barrier

A

A government policy, regulation or procedure that impedes trade through means other than explicit tariffs

4
Q

Customs

A

Checkpoints at the ports of entry in each country where government officials inspect imported products and levy tariffs

5
Q

Quota

A

A quantitative restriction placed on imports of a specific product over a specified period of time

6
Q

Countervailing Duty

A

A duty imposed on products imported into the country to offset subsidies given to producers or exporters in the exporting country

7
Q

Export Control

A

A government Measure intended to manage or prevent the export of certain products or trade with certain countries

8
Q

Import Licence

A

Government authorisation granted to a firm for the importation of a product

9
Q

Currency Control

A

Restrictions on the outflow of hard currency from a country, or the inflow of foreign currencies

10
Q

Subsidy

A

Monetary or other resources that a government grants to a firm or a group of firms, usually intended to ensure their survival by facilitating the production and marketing of products at reduced prices, or to encourage exports

11
Q

Dumping

A

Pricing exported products at less than their normal value, generally for less than their price in the domestic or third-country markets, or at less than production cost

12
Q

Anti-Dumping Duty

A

A tax imposed on products deemed to be dumped and causing injury to producers of competing products in the importing country

13
Q

Investment Incentive

A

A transfer payment or tax made directly to foreign firms in order to entice them to invest in the country

14
Q

Foreign Trade Zone FTZ

A

An area within a country that receives imported goods for assembly, or other processing, and re-export.
For customs purposes, treated as if it is outside the country’s borders

15
Q

Maquiladoras

A

Export-assembly plants in Northern Mexico along the US border that produce components and typically finished products destined for the United States