| A | B |
|---|
| National Sovereignty | Supreme right of nations to determine nat'l policies; freedom fron ext. ctrl |
| Domestic Policy | public policy concerned w/nat'l issues; may have dir. or indir. bearing on foreign trade and investment |
| Quality of Life | std of living combined w/env. and cultural factors; determines level of well-being of individuals |
| Standard of Living | level of material affluence of group/nation; measured as composite of Q and Qual of goods |
| Foreign policy | area of public policy concerned w/relationships w/other countries |
| General Agreement on Tariffas and Trade (GATT) | int'l code of tariffs and trade rules signed by 23 nations in 1947; 151 current; WTO |
| Most-Favored Nation (MFN) | member countries grant each other same treatment accorded by any other nation w/respect to imports/exports |
| World Trade Organization (WTO) | supplanted GATT in 1995 to administer int'l trade and investment accords |
| General Agreement on Trade in Services (GATS) | legally enfoceable pact among GATT participants that covers trade & investments in svcs sector |
| Currency Flows | flow of currency from nation to nation, which in turn determines exchange rates |
| Comittee on Foreign Investments in the United States (CFIUS) | federal committee, chared by US Treas. w/responsibility to review major FI to determine whether nat'l security or related concerns @ stake |
| Punitive Tariffs | tax on imported good/svc intended to punish trading partner |
| Nontariff Barriers | buy-dometic campaigns, preferential treatment for domestic bidders, restrictions on market entry of foreign products |
