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University of Michigan
Industry: Education
Number of terms: 31274
Number of blossaries: 0
Company Profile:
A product that can be produced, bought, and sold, and that has a physical identity. Sometimes said, inaccurately, to be anything that "can be dropped on your foot" or, also inaccurately, to be "visible. " Contrasts with service. Trade in goods is much easier to measure than trade in services, and thus much more thoroughly documented and analyzed.
Industry:Economy
1. An itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). 2. The net inflow (surplus) or outflow (deficit) of these payments.
Industry:Economy
1. National income plus capital consumption allowance. 2. Same as gross national product.
Industry:Economy
A group of seven major industrialized countries whose heads of state met annually from 1976 to 1997 in summit meetings to discuss economic and political issues. The seven are United States, Canada, Japan, Britain, France, Germany, and Italy (plus the EU).
Industry:Economy
A coalition of developing countries within the United Nations, established in 1964 at the end of the first session of UNCTAD, intended to articulate and promote the collective economic interests of its members and enhance their negotiating capacity. Originally with 77 members, it now (in 2010) has 130.
Industry:Economy
1. The six largest countries of the world: Canada, France, Germany, Japan, the United Kingdom, and the United States. 2. The six largest countries of the European Union, ministers from which sometimes meet to discuss issues of common concern. The countries are France, Germany, Italy, Poland, Spain, and the United Kingdom. 3. A group of countries that has met several times to resolve disagreements that prevent progress in the Doha Round. The group includes Australia, India, Japan, the United States, the European Union, and either Brazil or China (I've seen both mentioned).
Industry:Economy
A group of ten countries, members of the IMF, that together with Switzerland agreed to make resources available outside their IMF quotas. Since 1963 the governors of the G10 central banks have met on the occasion of the bimonthly BIS meetings.
Industry:Economy
A procedure for dealing with NTBs that has been proposed by the EU as part of the Doha Round negotiations, solving problems between member countries by using an expert panel to advise parties and seek mutually agreed but non-binding solutions.
Industry:Economy
1. A good that crosses into a country, across its border, for commercial purposes. 2. A product, which might be a service, that is provided to domestic residents by a foreign producer. 3. To cause a good or service to be an import under definitions 1 and/or 2.
Industry:Economy
A practice introduced by the US, first for steel and later for textiles and apparel, whereby the Department of Commerce records the volume of imports of specified products in order to make these data publicly available earlier than would otherwise be possible. Implicitly, these procedures are intended to facilitate faster administered protection.
Industry:Economy
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