Introduction: A fixed exchange rate (also known as a pegged exchange rate) is a system in which a country’s currency value is tied or pegged to another currency, a basket of currencies, or a commodity…
Multinational corporations MNC are huge industrial organization which extender industrial and marketing operation over a number of countries. They are also known as transnational corporations, international corporations and global corporations. Multinational corporations may be defined as…
Introduction: The capital which come from other countries is called foreign capital almost all country depend upon foreign capital at the beginning of development. Foreign Direct Investment (FDI) refers to the investment made by a…
Introduction: The WTO is a successor to the GATT, the GATT was forum where the member countries met from time to time to discuss and solved World Trade problem, but WTO is a properly established…
History of G.A.T.T The GATT was a just an international organization having a permanent council of representatives with headquarters at Geneva. Its function was to call international conference to decide on trade liberalization on a…
The GATT [General Agreement on Trade and Tariff] was a multilateral treaty which has been signed by 96 governments known as contracting parties. 31 other countries had applied to GATT. It was neither an organization…
Meaning: Foreign exchange is the name given to any foreign currency. The market in which currencies of various countries are exchanged is called foreign exchange market. The participants of this market are commercial banks, foreign…
Introduction: The balance of payment of a country is a systematic record of its receipts and payments in international transaction in a given year. Each transaction is entered on the credit and debit side of…
Introduction: Balance of payment of a country is a systematic record of its receipts and payments in international transaction in a given year. Each transaction is entered on the credit and debit side of the…