The term “economic globalization”is now being used with increasing frequency in newspapers, magazines,seminars and international conferences.With the basic feature of free flow of commodity,capital,technology,service,and information in the global context for optimized allocation,economic globalization is giving new impetus and providing opportunities to world economic development.

In international trade it is almost impossible to match payment with physical delivery of the goods,which constitutes conflicting problems for trade,since the exporter prefers to get paid before releasing the goods and the importer prefers to gain control over the goods before paying the money.The letter of credit is an effective means to solve these problems.Its objective is to facilitate international payment by means of the credit-worthiness of the bank.

其他参与国际贸易的形式有管理合同、承包生产和“交钥匙”工程。

还盘是对发盘的拒绝,一旦作出还盘,原报盘即失效而失去约束力。

对企业来说损失的价值要比个人高很多,因此保险费也比一栋房子或一辆车高出许多。

贸易和发展理事会是联合国贸易和发展会议的常设机构。

按照比较利益学说,两个贸易伙伴均可从贸易中得到好处。

maturity period(of a bond)

regional economic integration

farm produce