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| laws designed to prevent anticompetitive activities, such as the creation of monopolies and cartels |
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| binding procedure for conflict resolution involving an independent 3rd party; a faster and less costly procedure than a lawsuit |
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| large markets characterized by rapid economic development and high potential; big emerging markets set pace for economy in their geographic region |
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| dominant social class, which, according to marxist-leninist theory, established lucrative means of production and achieves high productivity at the expense of exploited workers. |
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| stage of economic and political development, which according to Marxist theory, in its early stages, by an emerging bourgeoisie, shift of production from agrarian sector to industrial sector, later stages by imperialism where capital loses its national identity by crossing borders and establishing monopolies |
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| comprehensive written laws that specify what constitutes legal behavior |
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| laws that are baed on prior court rulings (legal precedents) |
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| stage in economic and political development according to marxist theory is characterized by state and cooperative ownership of all means of production and property |
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| foreign government seizure of company assets and investors' assets without any compensation |
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| rights to an original work of art (music, film, design), enabling owner to reproduce, sell, perform, or film the work |
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| laws designed to prevent multinational corporations from using unethical means to obtain competitive advantages in a particular market |
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| situation characterized by bureaucratic red tape and corruption, an unreliable judicial system,and shifting regulations, where foreign government actions discourage foreign investment, especially investment in nonessential sectors |
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| process initiated by a foreign government leading to gradual transfer of ownership and management to locals |
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| stage in economic development, described by Rostow, characterized by the technological and entrepreneurial skill to produce anything society chooses to produce |
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| World Bank characterizes them as middle income countries; developing rapidly and have great economic potential; GNP per capita of US$766 to US9,265 |
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| Foreign government seizure of company assets with partial reimbursement, usually not at market value |
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| stage in economic and political development, according to marxist theory, characterized by dominance of feudal lords, who own land and its dwellers |
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| Foreign Corrupt Practices Act (FCPA) |
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| legislation that makes it illegal for companies and their representatives to bribe government officials and other politicians or candidates to political office, either directly or through 3rd parties |
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| stage in economic development, described by rostow, as characterized by leading sectors shifting toward durable goods |
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| laws of a company's home country that follow the international company all over the world |
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| local laws; laws of different countries where a company operates |
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| stage of economic and political development, in which, according to marxist theory, capital loses its national identity by crossing borders |
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| intellectual property rights |
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| laws protecting rights of inventor or firm employing inventor to use and sell an invention for a specified period of time |
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| rules and regulations that countries agree to abide by, addressing agreements among countries with regard to trade, protection of property, and other issues in political and economic sphere |
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| system of law based on interoperation of the Koran, Islam's holy book, and on interpretations of practices and sayings of the prophet Muhammad |
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| country and legal body where a particular dispute should be adjudicated, according to country's law, or according to legal body's principles, respectively. |
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| Marxist-leninist development model |
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| attributed to Karl Marx and Vladimir Lenin that maps the development of society from an agrarian, traditional society characterized by shared ownership of the means and outcomes of production and an equitable resource allocation; advancement from one stage to another is based on class struggle and transfer of ownership from one class to another and ultimately to the state. |
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| non binding procedure for conflict resolution involving an independent third party |
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| stage of economic and political development, in which, according to marxist theory, multinational companies establish monopolies and expand internationally with the goal of subjugating developing countries. |
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| expression of fierce nationalist sentiment in a country where a company is operating, which poses an implicit threat to the company and its operations |
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| takeover of a company assets by a foreign government with the aim of creating a government run industry |
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| Overseas Private Investment Corporation (OPIC) |
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| US government corporation that provides loans, guarantees, and insurance to US corporations investing in countries that present high political risk. |
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| protection of rights of inventor or firm employing inventor to use and sell an invention for a specified period of time. |
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| risk associated with actions of local, regional, and parastatal governing bodies affecting international company and with overall economic and political stability within a particular country |
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| 1st stage of economic and political development, according to marxist theory, by the joint tribal ownership of primitive means of production centered on agricultural tasks |
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| Rostow Modernization model |
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| economic development model attributed to Rostow, according to which each stage of economic advance is a function of productivity, economic exchange, technological improvements and income |
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| stage of economic and political development, according to marxist theory, emerges as a result of tribes' dominance over other tribes: dominant tribes claim ownership of conquered tribes and their property |
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| transition stage of economic and political development according to marxist theory, by disappearance of private property and its replacement with collective, state property |
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| stage in economic development described by rostow as one in which economic growth becomes the norm and improvements in production lead to emergence of leading sectors. |
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| intellectual property such as know-how, formulas, special blends, and other elements that are not registered, and are thus not protected by law |
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| brand name, mark, symbol, motto, or slogan that identifies a particular manufacturers brand and distinguishes it from competitors brands in the same product category. |
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| stage in economic development defined by rostow as one in which economy is dominated by agriculture and relatively few exchange transactions occur. |
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| trade-related aspects of intellectual property rights (TRIPS) |
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| international agreement, under World Trade Organization, sets out minimum standards for legal protection of intellectual property. |
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| stage in economic development process described by rostow as characterized by increased productivity in agriculture and by emergence of modern manufacturing |
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