World Bank The World Bank is an international financial institution that provides loans to developing countries for capital programs. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The World Bank is a component of the World Bank Group, and a member of the United Nations Development Group. The World Bank’s official goal […]
Currency crisis
Currency crisis A currency crisis is when, serious doubt exists as to whether a country’s central bank has sufficient foreign exchange reserves to maintain the country’s fixed exchange rate. The crisis is often accompanied by a speculative attack in the foreign exchange market. A currency crisis results from chronic balance of payments deficits, and thus is also called a balance of payments crisis. Often […]
International Marketing
International Marketing Today, the marketing organizations are not restricted to their national borders. The entire world is open for them. New markets are springing forth in emerging economies like – China, Indonesia, India, Korea, Mexico, Chile, Brazil, Argentina, and many other economies all over the world. In today’s global market opportunities are on a […]
SAARC-South Asian Association for Regional Cooperation
SAARC SAARC or “South Asian Association for Regional Co-operation” was formed in December, 1985 at Dhaka. India, Pakistan Nepal, Bhutan, Bangladesh, Sri Lanka and Maldives are its founding members. Afghanistan became its 8th member in 2007. SAARC is the first systematic organizational output of efforts at regional level among member states of South Asia. The […]
IPR-Intellectual Property Rights (What is Patent?)/(What is Copyright?)/(What is Trademark?)
IPR-Intellectual Property Rights Introduction Intellectual property (IP) is a legal field that refers to creations of the mind such as musical, literary, and artistic works; inventions; and symbols, names, images, and designs used in commerce, including copyrights, trademarks, patents, and related rights. Under intellectual property law, the holder of one of these abstract “properties” has […]
TRIMS-Trade Related Investment Measures
TRIMS-Trade Related Investment Measures The Agreement on Trade-Related Investment Measures (TRIMS) are rules that apply to the domestic regulations a country applies to foreign investors, often as part of an industrial policy. The agreement was agreed upon by all members of the World Trade Organisation. The agreement was concluded in 1994 and came into force in 1995. The WTO […]
TRIPS Agreement-Trade Related Intellectual Property Rights
TRIPS Agreement The Agreement on Trade related Aspects of Intellectual Property Rights of the WTO is commonly known as the TRIPS Agreement or simply TRIPS. TRIPS is one of the main agreements comprising the World Trade Organisation (WTO) Agreement. This Agreement was negotiated as part of the eighth round of multilateral trade negotiations in […]
Country Risk Analysis-Meaning,Definition,Factors Effecting Country Risk
Country Risk Analysis-Meaning,Definition,Factors Effecting Country Risk Meaning All business transactions involve some degree of risk. When business transactions occur across international borders, they carry additional risks not present in domestic transactions. These additional risks, called country risks, typically include risks arising from a variety of national differences in economic structures, policies, socio-political institutions, geography, and […]
Barriers to Trade
Barriers to Trade The barriers generally include tariff and non-tariff strategies. 1. Tariffs A tariff is a tax imposed on goods involved in international trade.Tariffs are imposed on goods imported,in which case they are called import duties.Taxes are also imposed on goods when they leave the country(export tariff) or as they pass through one country […]
World Trade Organization (WTO)
World Trade Organization The World Trade Organization (WTO) is an intergovernmental organization which regulates international trade. The World Trade Organisation officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade(GATT), which commenced in 1948.As an organization it has vast powers and functions than what […]
