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D D'Amato Act Act passed in 1996, similar to the Helms-Burton Act, aimed at Libya and Iran. deferral principle Parent companies are not taxed on the income of a foreign subsidiary until they actually receive a dividend from that subsidiary. democracy Political system in which government is by the people, exercised either directly or through elected representatives. deregulation Removal of government restrictions concerning the conduct of a business. diminishing returns to specialization Applied to international trade theory, the more of a good that a country produces, the greater the units of resources required to produce each additional item. dirty-float system A system under which a country's currency is nominally allowed to float freely against other currencies, but in which the government will intervene, buying and selling currency, if it believes that the currency has deviated too far from its fair value. draft See bill of lading. drawee The party to whom a bill of lading is presented. dumping Selling goods in a foreign market for less than their cost of production or below their "fair" market value. |
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