Chapter 6

Chapter 6 - Chapter 6 Trade the buying and selling of goods...

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Chapter 6 Trade- the buying and selling of goods and services across national borders. Organization of Economic Cooperation and Development (OECD)- a Paris-based intergovernmental organization of “wealthy” nations whose purpose is to provide its member countries with a forum to share experiences and to seek solutions. Imports- Products or services purchased from suppliers in another country. Polity- A politically organized unit. Barter- The exchange of one good for another without using money as an intermediary. (Trading a bushel of apples for a yard of cloth) Entrepot center- A location where goods are kept before being shipped elsewhere. Used to consolidate goods coming from many locations but going to a single destination. Reduces transportation costs. Export- to sell products or services to customers in another country. Dependencia Theory- the theory that holds that the failure of former colonies to prosper as independent nation-states is due to their continued economic exploitation by their former
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This note was uploaded on 04/25/2008 for the course IB 201 taught by Professor Engle during the Spring '07 term at Quinnipiac.

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Chapter 6 - Chapter 6 Trade the buying and selling of goods...

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