Thursday, January 20, 2011

A Moderate Glossary

Welcome (back) to Moderately International!

In effort to keep our dear readers in the loop, below are terms and definitions which may not be obvious to the casual reader.

Black Swan Events - Events whose occurrences are rare and/or hard to predict. Most scientific breakthroughs, assassinations, and other historical events are Black Swans. Examples might include the discovery of penicillin, the invention of the Internet, and JFK's assassination.

Multi-National Corporation (MNC) - Corporations which have holdings and investments overseas. Most MNCs are Western firms which invest in production facilities in countries in which they are not headquartered, such as Ford creating factories in Mexico, or BP building oil wells in Saudi Arabia.

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