Gianturco examines the roles played by export credit agencies
(ECAs) which are specialized financial institutions that cover some
$1 trillion of exports each year. In terms of their financial
impact on international trade, these agencies are unsurpassed, but
rarely do they receive attention in the financial press or broader
recognition.
In this book Gianturco uncovers the ECAs--revealing and
explaining their history, role, functions, and controversies
regarding their missions. There are currently some 90 countries
with official ECAs; two-thirds of these countries can be classified
as developing or transitional nations; the remainder include the
major developed countries. ECAs provide loans, guarantees,
insurance, and other financial services to their particular
nation's exporters and foreign direct investors. Their contribution
to national growth and development both in the United States and
abroad is significant, and the special nature of their operations
makes them essential to the welfare of countless businesses
worldwide. Essential reading for business professionals, scholars,
researchers, and students involved with international business and
economic development.
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