international trade

general agreement on tariffs and trade (GATT)

rules for nondiscrimination, transparent procedures, dispute settlements (most favored nation clause)

tariff

a specific tax levied on an imported good at the border

world trade organization 

responsible for general agreement on trade in services, improvements in international trade and investment flows, makes decisions based on consensus; majority vote if no consensus

international monetary fund (IMF) 

developed in 1944 in Bretton Woods, NH, stability for the international monetary framework-global monetary cooperation

world bank 

provides economic assistance for the reconstruction of war-torn countries, assist fledgling economies to participate in a modern economic trade framework, works with IMF

regional institutions and agreements

european coal and steel community, EU, NAFTA, CACM, Transatlantic Business Dialogue

trade agreements

because of trade agreements, international business growth, ecommerce, etc, emphasis on growth through international market penetration and reaching global consumers

the impact of international trade and investment 

affect currency values and fiscal and monetary policies of governments, instrumental in creating jobs, economies of scale-lower costs and higher profits