Some Nations with Weak Balance-Of-Payment Positions Issue an Import License

question 27

True/False

Some nations with weak balance-of-payment positions issue an import license on the condition that the goods move on an aircraft or vessel flying that nation's flag.

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Definitions:

Corporate Codes

Voluntary guidelines or principles adopted by corporations to govern their conduct in areas such as labor practices, ethics, and environmental performance.

Labor Exploitation

The unfair treatment of workers, often through inadequate wages, poor working conditions, and excessive working hours, without proper compensation or rights protection.

Multinational Corporations

Companies that operate in various countries around the world, managing production or delivering services in more than one country.

Globalization

Globalization is the process of increased interconnectedness and interdependence of the world's economies, cultures, and populations, facilitated by trade, investment, and information technology.