| A | B |
|---|
| Domestication | govt demand for partial xfer of ownership & mgmt responsibility from foreign co. to local entities w/ or w/o compensation |
| Local Content Regulation | gain control over foreign investment by ensuring a large share of product is locally produced or larger share of profit is retained in country |
| Intellectual Property Rights (IPR) | legal right resulting from inustrial, scientific, literary, or artistic activity |
| Exchange Controls | controls on mvmt of capital in/out of country, imposed when country faces shortage of foreign currency |
| Tax Policy | means by which countries may control foreign investors |
| Price Control | govt reg of prices of g/s; ctrl of prices of imported g/s as result of domestic political pressures |
| Anti-Dumping Law | allows imposition of tariffs on foreign imports, designed to help domestic industries injured by unfair competition from abroad in cases where imparted products are sold at less than FMV |
| Common Law | based on tradition, depending less on written statutes and codes than precedent and custom |
| Code Law | based on comprehensive set of written statutes |
| Lobbyists | well-connected individuals/firms that can provide access to policymakers and legislators to communicate new and pertinent info |
| Bilateral Agreement | agreement/treaty btw 2 nations focusing only on interests |
| Multilateral Agreement | trade agreement or treaty among more than 2 parties; intricate relationships among trading countries |
| International Law | body of rules governing relationships btw sovereign states; certain treaties & agreements respected by # of countries |
| Arbitration | procedure for settling dispute in which objective 3rd party hears both sides, makes decision; procedure for resolving conflict in int'l bus. arena through use of intermediaries such as representatives of chambers of commerce, trade associations, or third country institutions |
