- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
A contract that permits one party to buy from (or sell to) the other party something at a prespecified price during a prespecified period of time, leaving the choice of whether to do this or not (whether to "exercise" the option) up to the first party, which buys the option. Options exist for many assets, including foreign exchange.
Industry:Economy
An agreement among a group of exporting and importing countries to restrict the quantities traded of a good or group of goods. Since the impetus normally comes from the importers protecting their domestic industry, an OMA is effectively a multi-country VER.
Industry:Economy
A group of countries that includes many, but not all, of the largest exporters of oil. Its major purpose is to regulate the supply of petroleum and thereby to stabilize (often raise) its price. The international oil cartel. As of July 2010, it had 12 member countries.
Industry:Economy
1. Performance outside a firm or plant of a production activity that was previously done inside. 2. Manufacture of inputs to a production process, or a part of a process, in another location, especially in another country. 3. Another term for fragmentation.
Industry:Economy
A framework for analyzing the decision to engage in FDI, based on three kinds of advantage that FDI may provide in comparison to exports: Ownership, Location, and Internalization. Due to Dunning (1979).
Industry:Economy
A three-person committee assembled by the WTO to hear evidence in disputes between members, as part of the WTO dispute settlement mechanism. Panels are also used to settle disputes under NAFTA.
Industry:Economy
A constant that helps to determine the shape and position of a functional relationship, such as an exponent in a Cobb-Douglas function or the marginal propensity to import in a linear import function.
Industry:Economy
