Cross-border collaboration

Renaissance is French, and is used so commonly in English, that it is become a common noun. Renaissance means a rebirth. Therefore, Cross-border collaboration is experiencing a modest renaissance . . . , means that cooperation between neighboring nations is experience a modest rebirth. A cartel is a group of businesses or nations which operate together to seek an advantage. An oil cartel would be a group of oil companies, or oil producing nations which operated together in the hope of getting the most money from their product. Brisk in this sense means fast and heavy, so, . . . even if business from a joint venture by several cartels is less brisk and profitable than by a monopoly. means that the business from the joint venture does not move along so rapidly, and does not enjoy the same heavy volume of business on the part of a monopoly.

Yes, "one upside" (terrible abuse of the language) does mean one piece of good news.

if I understand you correctly , then are you saying , monopoly bringing more business and profit than joint-venture ? or in other other words a single company making more money than group of companies jointly ?

That's almost it . . . however, a monopoly is not just simply a single company, it is a single company with the exclusive right to trade in a particular product. If there were an oil monopoly in a nation, the company, and that company only, would be allowed to buy and sell oil--and so, of course, could set the most advantageous prices for itself.

feeling better now.

Can you please explain the second line i.e the part

may allow these cartels to jointly win government subsidies in overseas markets

they said 'government subsidies in overseas' .....what kind of subsidies ? I don't have any guess here . Can you please elaborate this line . an Example will be helpful to conceptualize this .

Well, that is a rather mysterious line. It suggests that these cartels are composed of companies from different countries, and that they expect the governments of the separate countries to subsidize the cartel itself, even though, clearly, they are talking about a cartel which crosses international borders.

To subsidize an oil cartel, a government might pay any portion of their operating costs--exploration for new sources of oil, the cost of building petroleum product refineries, or simply by lowering or rebating taxes which would otherwise be due (a rebate is different from lowering a tax in that the tax would not be lower, but that for an unspecified period of time, the government might give back a part of a the tax, while retaining the right to demand all of the tax in any subsequent year). It is difficult for me to understand how such subsidies would work across international borders, but then, i'm not responsible for the accuracy of the material in such an article as that sentence came from. It is useful to bear in mind that journalists (i'm assuming that this is from a newspaper or magazine article) don't seem to feel they are obliged to know what they are writing about when they write it.

Thanks Setanta,

That was whole lot of information . That helped me a lot . Thanks for your time.