by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Trilateral Commission?The Trilateral Commission is an organization of a total of 325 non-government, non-partisan private citizens from North America, the E.U., and Japan. This organization seeks to foster greater cooperation between the European Union,...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Marshall Plan?The Marshall Plan, also known as the European Recovery Program (ERP), refers to an American sponsored initiative which was created and passed in 1948 for the purpose of assisting 17 Western and Southern European countries to rebuild their...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the OPEC Basket?The OPEC basket, or OPEC reference basket, refers to the weighted mean or average of oil prices that OPEC member countries throughout the world maintain. The basket refers generally to a standard or set reference point for countries that...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is Nationalization?Nationalization is when a company or an industry which was formerly privately owned is taken over by the government. This can be with or without paying any compensation to the private owners.
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is the Cairns Group?The Cairns Group is an interest group of 19 agriculture exporting countries. It was established in Australia in 1986. Its major objectives include agricultural trade reform, reduction of export subsidies on agricultural products, and other...
by TheBusinessProfessor | Feb 23, 2025 | Global Business, International Law & Relations
What is a Multilateral Development Bank?A multilateral development bank (MDB) refers to an international financial institution, chartered by at least two nations, in order to promote economic development and growth in poorer or less-developed countries. Important...
