Comparative advantage
The theory that countries should specialize in the production of goods and services they can produce most efficiently.
Current account deficit
The current account of the balance of payments is in surplus when a country exports more goods and services that it imports.
Deferral principle
Parent companies are not taxed on the income of a foreign subsidiary until they actually receive a dividend from that subsidiary.
Economic risk
The likelihood that events, including economic mismanagement, will cause drastic changes in a country’s business environment that adversely affects the profit and other goals of a particular business enterprise.