Examlex
Discuss transparency as it relates to openness.
Merchandise Trade Imbalance
A discrepancy between a country's exports and imports of tangible goods, leading to either a trade surplus or deficit.
Overall Trade Imbalance
The difference between a country's total exports and total imports over a certain period, indicating whether a country is in a trade surplus or deficit.
Multinational Corporations
Companies that operate in multiple countries, managing production or delivering services in more than one country.
Low-Wage Nations
Countries where the general level of wages is significantly lower than in developed nations.
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