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The gravity model of international trade in international economics is a model that, in its traditional form, predicts bilateral trade flows based on the economic sizes and distance between two units. [2] Research shows that there is "overwhelming evidence that trade tends to fall with distance." [3]
The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. [1] Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various ...
(In practice, governments restrict international trade for a variety of reasons; under Ulysses S. Grant, the US postponed opening up to free trade until its industries were up to strength, following the example set earlier by Britain. [33]) Nonetheless there is a large amount of empirical work testing the predictions of comparative advantage ...
The Ministry of International Trade and Industry (通商産業省, Tsūshō-sangyō-shō, MITI) was a ministry of the Government of Japan from 1949 to 2001. The MITI was one of the most powerful government agencies in Japan and, at the height of its influence, effectively ran much of Japanese industrial policy, funding research and directing investment.
The Hague Convention on Protection of Children and Co-operation in Respect of Intercountry Adoption (or Hague Adoption Convention) is an international convention dealing with international adoption, that aims at preventing child laundering, child trafficking, and other abuses related to international adoption. [46]
The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement ... International Competition ...
Technological changes in shipping and the growth of urban centers led to a rapid increase in international trade. [44] Mercantilism focused on how this trade could best aid the states. Another important change was the introduction of double-entry bookkeeping and modern accounting.
Free trade – Absence of government restriction on international trade Free-trade area – a region encompassing a trade bloc whose member countries have signed a free trade agreement . Such agreements involve cooperation between at least two countries to reduce trade barriers, import quotas and tariffs, and to increase trade of goods and ...