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Unformatted text preview: the international monetary system International trade occurs when a firm exports goods or services to consumers in another country Moores Law the power of microprocessor technology doubles and its costs of production fall in half every 18 months Multinational enterprise a firm that owns business operations in more than one country Stock of foreign direct investment the total accumulated value of foreign-owned assets at a given time United Nations an international organization made up of 189 countries headquartered in New York City, formed in 1945 to promote peace, security, and cooperation World Bank international institution set up to promote general economic development in the worlds poorer nations World Trade Organization (WTO) the organization that succeeded the General Agreement on Tariffs and Trade (GATT) as a result of the successful completion of the Uruguay Round of GATT negotiations...
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This note was uploaded on 03/22/2010 for the course MOS 1020 taught by Professor Leduc during the Fall '09 term at UWO.
- Fall '09