Publisher Description

Barter or countertrade is the oldest form of trade--dating back to man's earliest history. During the past ten years, countertrade has become an increasingly important part of international trade. At the same time, interest in countertrade has been growing rapidly. This work, the product of an international conference held in the Spring of 1985, focuses on the managerial aspects of international countertrade. The heart of the book focuses upon such technical aspects of countertrade as financing, law, operations and strategy, and proposes the development of a marketable security for countertrade credits. Also considered are the facilitators of countertrade--countertrade traders, switch traders, and merchants, and accounting and tax aspects of countertrade.

Author Biography

CHRISTOPHER M. KORTH is Professor of International Finance at the University of South Carolina.

Table of Contents

ExhibitsPrefacePart I. IntroductionAn Overview of Countertrade by Christopher M. KorthAn Overview of Countertrade Practices of Corporations and Individual Nations by Willis A. BussardPart II. Countertrade Practices in Different Regions of the WorldCountertrade in Latin America and the Caribbean by Christopher D. McFarleneCountertrade in Western Europe by Kate MortimerCountertrade with China by Bernard E. ConorPart III. Countertrade Practices in Different Industrial SectorsCountertrade in a Project-Development Company by Jacques RostainThe International Offset Phenomenon in the Aerospace Industry by L. Duke GoldenDeath and Growth of Countertrade Subsidaries in the Consumer-Products Industry by Stephen E. CrainPart IV. Recent Developemnts in Technical Aspects of CountertradeA Bank's Role in Facilitating and Financing Countertrade by James M. BarkasLegal Aspects of Countertrade by Thomas V. MvVeyOperational Aspects of Countertrade by Richard V.L. CooperStrategic Planning for Countertrade by Mary Jane Iaia-McPhee and Seth MaerowitzInternational Trading Certificates by Paul E. BoliekPart V. Facilitators of CountertradeThe Specialized Countertrading Company by Frank A. OcwiejaSwitch Traders by Barry F. WestfallBarter Merchants by Jerome K. LevyPart VI. Tax and Accounting Aspects of CountertradeAccounting Aspects of Countertrade by Robert HenreyCountertrading as a Tax-Planning Device by A.Patrick GilesA View from the I.R.S. by Fred T. GoldburgPart VII. Official Perspectives Toward CountertradeCountertrade: A View from the U.S. Congrees by Congressman Don BonkerCountertrade: A View from the U.S Department of Commerce by Frederick E. HowellCountertrade: A View from the World Bank by Neil RogerThe Role of Countertrade in Future General Agreement on Tariffs and Trade (GATT) Deliberations by Michael R. Czinkota

Long Description

Barter or countertrade is the oldest form of trade--dating back to man's earliest history. During the past ten years, countertrade has become an increasingly important part of international trade. At the same time, interest in countertrade has been growing rapidly. This work, the product of an international conference held in the Spring of 1985, focuses on the managerial aspects of international countertrade. The heart of the book focuses upon such technical aspects of countertrade as financing, law, operations and strategy, and proposes the development of a marketable security for countertrade credits. Also considered are the facilitators of countertrade--countertrade traders, switch traders, and merchants, and accounting and tax aspects of countertrade.

Details