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Flora enters into a contract with Global Shipping, Ltd., to insure and ship a painting from France to the United States for a certain price. Global makes a mistake in adding the costs, which results in a contract price that is $1,000 less than the true cost. Most likely, a court would
International Monetary Fund
An international organization created to promote global monetary cooperation, secure financial stability, facilitate international trade, and reduce poverty around the world.
World Bank
An international monetary body that supplies loans and grants to the administrations of less wealthy nations for capital project development.
Dependency Theorist
Scholars who analyze international relations in terms of the dependence of developing countries on industrialized nations, explaining global inequalities in economic development and power dynamics.
Modernization Theorist
A scholar who believes in the process whereby societies move from traditional or less developed institutions to those characteristic of more developed societies.
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