A B C D E F G H I J K L M N O P Q R S T U V W Z

ASEAN

The Association of Southeast Asian nations is a political and economic organization of the countries located in Southeast Asia, which id formed by ten countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar and Vietnam. Its aims include…

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Balance of payments

A statistical summary of international transactions. These transactions are defined as the transfer of ownership of something that has economic value in monetary terms from residents of one country to residents of another. The transfer may include goods (tangibles), services…

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Balance of trade

The difference between a country´s total merchandise exports and imports for a specific time period. If exports exceeds imports, a country is said to have a favourable balance of trade (trade superavit); if not, the trade balance is unfavourable (trade…

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Barter

A form of countertrade involving the direct exchange of goods and/or services for other goods and/or services, without the use of money and without the involvement of a third party. Barter is an important means of trade with countries using…

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