Glossary of Economic and Business Terms - J, Glossary of International Economics, Business and Economic Terms, Abbreviations, Terms List, MBA Exam

"J"

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J-curve	The dynamic path followed by the balance of trade in response to a devaluation, which typically causes the trade balance to worsen before it improves, tracing a path that looks like a letter "J".
Joint venture	An undertaking by two parties for a specific purpose and duration, taking any of several legal forms. Two corporations, for example, perhaps from two different countries, may undertake to provide a product or service that is distinct, in kind or location, from what the companies do on their own.
Jones Act	A U.S. law that prohibits foreign ships from transporting goods or people between one U.S. location and another. Such a restriction on cabotage is an example of a barrier to trade in a service.
Jones' hat algebra	See hat algebra.
Jubilee 2000	A movement advocating the cancellation of debts that burden developing countries, intended to occur in the year 2000.
JV	Joint venture

(DOU 18082007)

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