EDC

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EDC

See: Export Credit Agency

Export Development Corp.

A government owned corporation in Canada that extends credit to Canadian exporters. Export Development Canada also provides guarantees and insurance for exports. Like other export credit agencies (ECA), Export Development Canada is controversial; critics allege that ECAs negatively impact international development, as developing countries cannot compete with such insured exports. Proponents of ECAs argue that they enable developing countries to import products they otherwise would not be able to afford.
References in periodicals archive ?
It uses both archival research and elite interviews to produce an exhaustive study of such subjects as the European Defense Community, Euratom, the Common Market, and the Multilateral Force.
It began with a French-led plan in 1950 for a common army within a European Defense Community (EDC) composed of the so-called Charlemagne Six core countries of Europe: Belgium, France, Italy, Luxembourg, the Netherlands and the former West Germany.
Discussing the critical juncture of the Korean War, Johnston explains the history of the alliance, its gradual turn to nuclear deterrence, the rearmament of Germany as a member of NATO, and the alternative, but ultimately unsuccessful path, of establishing a European common army: the European Defense Community. The army was an attempt by European states to create their own collective security capability at a time when the United States was distracted by a more global confrontation with the Soviet Union.
From the stillborn European defense community in 1950 to the Common Foreign and Security Policy, France has held a leadership position in the construction of the European defense structure since its creation.
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