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First world countries are those that are highly industrialized, have high per capita incomes in relation to most other countries, high levels of education, and other economic and social attributes one might expect from nations such as Australia, Canada, Germany, Great Britain, France (in fact, virtually all of Western Europe), Japan, the United States, and a few other countries. These countries are also referred to as the highly industrialized countries. [ABSTRACT FROM AUTHOR]

The ECGD is a UK government department established to promote exports of UK goods. The ECGD promotes trade by providing subsidization for bank loans to UK exporters, as well as other financial guarantees for exporters. The ECGD also offers insurance on UK foreign investments. [ABSTRACT FROM AUTHOR]

The way the calendar date is expressed in numbers is different in various countries. For example, 4/7/06 either means April 7, 2006 in the United States or July 4, 2006 in Great Britain. The difference lies in the ordering of the day, month, and year. Although this may seem to be a minor inconvenience, think about a US manufacturer with a contract to produce goods for a European purchaser as of 4/12/06. [ABSTRACT FROM AUTHOR]

Cultural relativism refers to the proposition that what is right or wrong, good or bad, justifiable or not, depends upon the culture in which it occurs. Two examples illustrate cultural relativism: drinking alcoholic beverages is not bad or wrong in Great Britain or Ireland, but is wrong (and punishable by the authorities) in Middle Eastern countries; bribery is illegal under the laws of the United States, but is an accepted business practice in many countries. It is difficult to dispute this part of the cultural relativism proposition (that major differences exist between cultures/countries in what is considered good/bad, moral/immoral, etc). [ABSTRACT FROM AUTHOR]

The same as insurance company. British insurers also use this term. US insurers normally use the term insurance company or insurer. Most countries require an insured to purchase insurance locally unless coverage is not available on the local market. [ABSTRACT FROM AUTHOR]

A government department charged with the responsibility for encouraging the export of British goods. The department provides money for export financing for such goods. Without the provision of export financing many exporters would have to sell goods on a cash before delivery basis in order to avoid credit risks. This method of selling usually decreases the demand for goods from importers who want the goods in their possession before payment is made. [ABSTRACT FROM AUTHOR]

The prevention of the passing of an individual's personal information from one computer system where the information legitimately resides to other computer systems without the consent of the individual. In the United Kingdom the Data Protection Act of 1984 requires the registration of every data user who possesses personal information. [ABSTRACT FROM AUTHOR]

A training center in Great Britain known for its training of executives and their families in cross-cultural education. The center is also known as Farnham Castle. [ABSTRACT FROM AUTHOR]