- 2020-3-3 14:32:40
Following are some of the common terms you are likely to hear in any discussion about the global economy。外贸知识
Balance of trade。外贸推广平台
Difference in trade (value of a country’s import and export of merchandise), expressed as a monetary figure, between any two countries or any two regions. If country A imports more than they export to country B, then country A has a deficit in their balance of trade with country B, whereas country B has a surplus in their balance of trade with country A. 跨境电商
World Trade Organization, established in 1995, is responsible formonitoring national trading policies, handling trade disputes, and enforcing the GATT (General Agreement on Trade and Tariffs) agreements, which are designed to reduce tariffs and other barriers to international trade and to eliminate discriminatory treatment in international commerce.
A nation’s competitiveness depends on the capacity of its industry to innovate and upgrade. Companies gain advantage against the world’s best competitors because of pressure and challenge. They benefit from having strong domestic rivals, aggressive home-based suppliers, and demanding local customers. Competitive advanta
ge is created and sustained through a highly localized process. Differences in national values, culture, economic structures, institutions, and histories all contribute to competitive success.
Trade or commerce carried on without such restrictions as import duties, export bounties, domestic production subsidies, trade quotas, or import licenses. The basic argument for free trade is based on the economic theory of comparative advantage: each region should concentrate on what it can produce most cheaply and efficiently and should exchange its products for those it is less able to produce economically.
Movement of large sums of money from one country to another to seek higher rates of return and for investment purposes.
Gross National Product, total value of goods and services produced in an economy over a particular period of time, usually 1 year. The GNP growth rate is the primary indicator of the status of the economy. Made up of consumer and government purchases, private, domestic and foreign investments, and the total value of exports.
Gross Domestic Product, same as GNP, with the exception that the total value of goods and services excludes foreign investments and the total value of exports.
Repatriation of profits
Return of the financial assets or generated income of an organization or individual from a foreign country to the home country.
Tax on imports or exports usually imposed to raise revenue or to protect domestic firms from import competition. May also be designed to correct an imbalance of payments. The money collected under tariffs is called duty or customs duty.