Word: barterer
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...notions of arranging huge barter trade deals, like selling 5,000 swine to the Dominican Republic. Its expertise has not been as much in demand as was hoped, and few deals have come off. Last year the subsidiary lost $12 million. About 150 of its 1,000 employees were laid off in early August...
Welcome to countertrade, a modern form of bartering and one of the fastest growing ways of doing business around the world. Countertrade ranges from relatively simple barter transactions to intricate arrangements that can involve many nations and goods as well as complex financing and credits. Because so many countries, especially the less developed ones (LDCs), are having trouble paying cash for the goods they need, swapping merchandise and services is becoming increasingly attractive...
...centuries. The Indians sold Manhattan Island to the Dutch for some beads, cloth and trinkets, and during World War II Adolf Hitler sent Yugoslavia boxcars of aspirin in return for that country's copper. Low commodity prices and a world credit crunch are causing the back-to-barter boom. In just eight years, countertrade in all its forms has grown from an estimated 2% of world commerce to roughly 33%, according to Business Trend Analysts, a New York consulting firm...
Some large U.S. banks now barter goods as a sideline. Says Daniel Nash, a trader hired by Citicorp's London countertrade division to turn commodities into cash for the bank's commercial customers: "Countertrade enables banking activity to continue where it otherwise might not. No one wants it, yet it is there as the only practical alternative for the hard-pressed LDCS...
...pressure for more barter trade may increase as a result of the growing U.S. trade deficit, which could reach $120 billion this year...