Passage 2
Nations with serious debt problems, such as Mexico, Brazil and Argentina, have been compelled to devote almost all their export earnings to debt service, leaving themselves with virtually no surplus to pay for imports. With barter, howev
Passage 2
Nations with serious debt problems, such as Mexico, Brazil and Argentina, have been compelled to devote almost all their export earnings to debt service, leaving themselves with virtually no surplus to pay for imports. With barter, however, debtor nations can continue to import goods while, in effect, concealing export earnings from creditors. But counter trade is not the exclusive province of debtor nations. Says Yoffie, “Even countries with strong foreign exchange positions, such as Australia, Canada and Indonesia, are insisting on countertrade in certain areas. Linking imports and exports is a way to exert power over multinational corporations. Countries that lack expertise in international marketing try to use counter trade as leverage to tap the networks of 【global firms】.”
41.Why do countries with strong foreign exchange position need counter trade?
【正确答案】:Because linking imports and exports is a way to exert power over multinational corporations. /Because it can be used as leverage to tap the networks of global firms.
Top