BIBM

A firm contracts to build a major facility abroad, operates it for a specified period and then transfers ownership to the project sponsor.

A contractor supplies managerial know-how to operate a hotel, hospital,airport etc. in exchange for compensation.

Mercantilism argues that national prosperity results from a positive balance of trade achieved by maximizing exports and minimizing or even impeding imports.

It states that a country benefits by producing primarily those products in which it has an absolute advantage, those that it can produce using fewer resources than any other country.

it states that it will be beneficial for two countries to trade with each other as long as one is relatively more efficient at producing goods or services needed by the other.

it suggests that each country should export products that intensively use relatively abundant factors of production and import goods that intensively use relatively scarce factors of production.