Question

Can you define these terms in 3-4 sentences.

Thank you

39. FDI 40. Free trade 41. NAFTA 42. Principle of non-discrimination 43. IMF 44. SAP 45. AGM 46. Battle in Seattle 47. Sub Commandante Marcos 48. WTO 49. Social Justice 50. Race to the bottom 51. Corporate rights 52. Privatization 53. Zapatistas 54. GDP 55. Special economic zones 56. The Quest for Power 57. Nationalism and Elite Manipulation

Answer 1

A foreign direct investment (FDI) means the ownership of a business in one country is controlled by an entity based in another country. It is different from foreign portfolio investment. There are 3 types of FDI- 1. Horizontal FDI where funds are invested abroad in the same industry. 2. Vertical FDI is where an investment is made within the supply chain, but not directly in the same industry. 3. Conglomerate FDI where an investment is made in a totally different industry.

Free trade is a trade policy that does not restrict imports or exports of goods and services among the countries. The free market idea applied to international trade. Under this governments impose absolutely no tariffs, taxes, or duties on imports, or quotas on exports.

NAFTA, The North American Free Trade Agreement was an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America which came into force on January 1, 1994 and superseded the 1988 Canada–United States Free Trade Agreement between the United States and Canada.

The principle of non-discrimination requires the equal treatment of an individual or group irrespective of their particular characteristics. It guarantees that human rights are exercised without discrimination of any kind based on sex, language, religion, race, national or social origin, birth such as disability, age, marital and family status etc.

The International Monetary Fund (IMF) is an organization of 189 countries, their primary purpose is to ensure the stability of the international monetary system. The system of exchange rates and international payments that enables countries to transact with each other. IMF is working to foster global monetary cooperation.

An annual general meeting (AGM) is a yearly gathering between the shareholders of a company and its board of directors in which the directors present the company's annual report. It is the only meeting or time that the directors and shareholders will meet throughout the year.

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