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The strategy seeks to find a niche in the world economy for a certain type of export. Industries producing this export may receive governmental subsidies and better access to the local markets. By implementing that strategy, countries hope to gain enough hard currency to import commodities manufactured more cheaply elsewhere. [2]
Strategic alliance is a type of cooperative agreements between different firms, such as shared research, formal joint ventures, or minority equity participation. [33] The modern form of strategic alliances is becoming increasingly popular and has three distinguishing characteristics: [34] They are frequently between firms in industrialized nations.
Trade promotion (sometimes referred to as export promotion) is an umbrella term for economic policies, development interventions and private initiatives aimed at improving the trade performance of an economic area. Such an economic area can include just one country, a region within a country, or a group of countries involved in an economic ...
Exports are vital to the success of American business and workers, and nobody is more aware of this than President Obama. In March 2010, Obama set a goal for the nation of doubling exports in the ...
An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an exporter ; the foreign buyers is an importer . [ 1 ]
Strategic use of export subsidies, import tariffs and subsidies to R&D or investment for firms facing global competition can have strategic effects to their development in the international market. Since intervention by more than one government can lead to cases resembling the Prisoner’s dilemma , the theory emphasizes the importance of trade ...
Market entry strategy is a planned distribution and delivery method of goods or services to a new target market. In the import and export of services, it refers to the creation, establishment, and management of contracts in a foreign country.
An example of this is the import of labor-intensive goods by the ... Concertina model – International trade strategy; Export control – Legislation regulating the ...