CLIL Project - Unit 1

LEVEL III - JOB FAIR

Fase 1 (Step 1): Unidad 1: GLOSARIO.

Universidad autónoma del caribe

Angie Gonzalez

2024

1. Foreign Exchange Market: Market where currencies are traded, determining exchange rates
between different countries.
- International business and finance majors study the Foreign Exchange Market to understand the
impact of currency fluctuations on global trade.

2. Exporting: Selling goods or services produced in one country to customers in another country.
- Companies in the International Business and Finance field often explore new markets through
exporting their products.

3. Currency Hedging: Strategy used to protect against potential losses due to fluctuations in
exchange rates.
- Currency hedging is a common practice in international finance to mitigate currency risk
exposure.

4. Multinational Corporation: Company that operates in multiple countries, with headquarters in one
country.
- Multinational corporations play a significant role in international business and finance due to their
global presence.

5. Import Tariff: Tax imposed on imported goods to protect domestic industries or raise revenue.
- Understanding import tariffs is crucial for international business and finance professionals to
assess the cost of importing goods.

6. Foreign Direct Investment (FDI): Investment made by a company in one country in business
activities in another country.
- FDI is an essential component of international finance as it drives economic growth and creates
employment opportunities.

7. International Trade: Exchange of goods and services between countries, promoting economic
growth and development.
- Studying international trade is fundamental for students pursuing a career in international business
and finance.
8. Offshore Banking: Banking services provided outside the country of residence, often in tax
havens.
- Offshore banking is a common practice in international finance for companies looking to optimize
their financial operations.

9. Free Trade Agreement: Agreement between countries to reduce or eliminate barriers to trade
such as tariffs and quotas.
- Free trade agreements facilitate international commerce and contribute to economic cooperation
among nations.

10. Globalization: Process of increasing interconnectedness and interdependence among countries

in terms of economics, politics, and culture.
- Globalization has transformed the landscape of international business and finance, creating new
opportunities and challenges.

11. Hedging Strategy: Technique used to protect against financial risks by offsetting potential
losses.
- Hedging strategies are essential in international finance to manage currency, interest rate, and
commodity price risks.

12. Double Taxation: Occurs when the same income is taxed twice, both in the country
where it is earned and in the country of residence.
- International business and finance professionals strive to minimize double taxation
through effective tax planning strategies.

13. Sovereign Wealth Fund: State-owned investment fund that manages assets on behalf of
a government.
- Sovereign wealth funds play a crucial role in international finance, investing in various
financial instruments worldwide.

14. Risk Management: Process of identifying, assessing, and mitigating risks in business
operations and investments.
- Effective risk management is essential in international business and finance to protect
against unforeseen events and uncertainties.
15. Joint Venture: Business partnership between two or more companies to pursue a
specific project or market opportunity.
- Joint ventures are common in international business and finance, allowing companies to
leverage their strengths and resources.

16. Capital Market: Market for buying and selling long-term financial instruments such as
stocks and bonds.
- Capital markets play a vital role in international finance by providing a platform for
companies to raise capital for growth and expansion.

17. Cross-Cultural Communication: Communication between people from different cultural

backgrounds, requieran sensitivity and understanding.
- Cross-cultural communication skills are essential for success in international business and
finance, enabling effective interaction with diverse stakeholders.

18. International Arbitration: Process of resolving disputes between parties from different
countries outside of traditional legal systems.
- International arbitration is a preferred method for resolving commercial conflicts in the
field of international business and finance.

19. Global Supply Chain: Network of interconnected businesses involved in the production
and distribution of goods and services worldwide.
- Understanding global supply chains is crucial for international business and finance
professionals to ensure efficient operations and logistics.

20. Trade Surplus: Situation where a country exports more goods and services than it
imports, resulting in a positive balance of trade.
- Achieving a trade surplus is a goal for many nations, as it can contribute to economic
growth and strengthen the country's currency.

Bibliography
Anderson, G., & Schmoldt, C. (2015). International Finance for Business: Mastering
Global Currency and Interest Rate Risk. Wiley.
Hill, C. W. L. (2017). International Business: Competing in the Global Marketplace.
McGraw-Hill Education.
Madura, J. (2018). International Financial Management. Cengage Learning.
Peng, M. W. (2019). Global Business. Cengage Learning.
Shenkar, O., Luo, Y., & Chi, T. (2014). International Business. Routledge.
Solomon, M., & Marinho, P. (2016). International Financial Markets: A Diverse System Is
the Key to a Prosperous Future. Palgrave Macmillan.
Wild, J., & Han, J. (2016). International Business: The Challenge of Global Competition.
McGraw-Hill Education.