EDC(redirected from European Defense Community)
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See: Export Credit Agency
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
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