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University of Michigan
Industry: Education
Number of terms: 31274
Number of blossaries: 0
Company Profile:
A substantially revised set of standards for capital adequacy of banks, with an agreed text first issued in June 2004.
Industry:Economy
A trade dispute that began in 1989 when the EC banned imports of beef from cows that had been injected with growth hormones, arguing that the health effects of these hormones were suspect. The U. S. Eventually complained under the WTO in 1996, arguing the absence of scientific evidence of any harm, and in 1997 the WTO panel agreed with the U. S.
Industry:Economy
1. A word referring to a grouping of the three countries, Belgium, Netherlands, and Luxembourg. Claimed by ''The Economist'' (May 3, 2008) to have been coined in August 1946 by its Belgian correspondent. 2. The economic union of the three Benelux countries, initially a customs union, later an economic union, and now part of the European Union.
Industry:Economy
A social welfare function that takes as arguments only the levels of utility of the individuals in society. Due to Bergson (1938) as interpreted by Samuelson (1981). Also called a Bergson-Samuelson social welfare function.
Industry:Economy
1. Bias of technology, either change or difference, refers to a shift towards or away from use of a factor. The exact meaning depends on the definition of neutral used to define absence of bias. Factor bias matters for the effects of technological progress on trade and welfare. 2. Bias of a trade regime refers to whether the structure of protection favors importables or exportables, based on comparing their effective rates of protection. If these are equal, the trade regime is said to be neutral. 3. Bias of growth refers to economic growth through factor accumulation and/or technological progress and whether if favors one sector or another. Growth is said to be export biased if the export sector expands faster than the rest of the economy, import biased if the import-competing sector does so.
Industry:Economy
An agreement between two countries, as opposed to a multilateral agreement.
Industry:Economy
A system in which kinship ties are calculated equally through both sexes: mother and father, sister and brother, daughter and son, and so on.
Industry:Anthropology
The study of the sound contrasts (phonemes) of a particular language.
Industry:Anthropology
Aid from a single donor country to a single recipient country, in contrast to multilateral aid.
Industry:Economy
A transfer payment from one country to another.
Industry:Economy
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