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global marketing
marketing that targets markets throughout the world
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global vision
reconizing and reacting to international marketing opportunities, using effective golobal marketing strategies, and being aware of threats from foreign competitiors in all markets
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job outsourcing
sending US. jobs abroad
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multinational corporation
a company that is heavily engaged in international trade, beyond exporting and importing
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capital-intensive
using more capital than labor in the production process
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Mercosur
the largest Latin American trade agreement, includes Argentina, olivia, Brazil, Chile, Colombia, Ecuador, Parguay, Peru, and Uruguay
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Urguay Round
an agreement to dramtically lower trade barriers worldwide; created the World Trade Organization
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World Trade Organization (WTO)
a trade organization that replaced the old General Agreement on Tariffs and Trade (GATT)
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General Agreement on Tariffs and Trade (GATT)
a trade areement that contained loopholes that enables countires to avoid trade barrier reduction agreements
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North American Free Trade Agreement (NAFTA)
an agreement between Canada, the United States and Mexico that created the world's largest free trade zone
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Central America Free Trade Agreement (CAFTA)
a trade agreement, institted in 2005, that includes Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and the United States
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European Union (EU)
a free trade one encompassing 27 European Countires
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World Bank
an international bank that offers low-intrest loans, advice, and information to developing nations
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International Monetary Fund (IMF)
an international organization that acts as a lender of last resort providing loans to troubled nations, and also works that promote trade through finicial cooperation
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dumping
the sale of an exported product a price lower than that charged for teh same or like product in the "home" market of teh exporter
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