Tag: Oscar winner

Economic integration can be classified in five additive levels, each present in the global landscape: Free Trade. Tariffs (a tax imposed on imported goods) between member …

BRICS is an acronym for the grouping of the world’s leading emerging economies, namely Brazil, Russia, India, China and South Africa. The BRICS Leaders’ Summit …

1. Inflation Rates Changes in market inflation cause changes in currency exchange rates. A country with a lower inflation rate than another’s will see an …

Year What Happened 1540-45 Sher Shah Suri issued a Silver coin which was in use during the Mughal period, Maratha era and British India. 1770-1832 …

The factor endowment theory holds that countries are likely to be abundant in different types of resources. In economic reasoning, the simplest case for this …

Internalization theory focuses on imperfections in intermediate product markets. Two main kinds of intermediate product are distinguished: knowledge flows linking research and development (R&D) to …

Multinational corporations (MNCs) have been relocating portions of their global supply chain to developing countries, including India and China, to generate efficiencies and remain competitive …

An eclectic paradigm, also known as the ownership, location, internationalization (OLI) model or OLI framework, is a three-tiered evaluation framework that companies can follow when …

Tariffs are essentially taxes or duties placed on an imported good or service by a domestic government, making domestic goods cheaper for domestic consumers and …

A voluntary export restraint (VER) is a trade restriction on the quantity of a good that an exporting country is allowed to export to another …