- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
A ranking of goods or countries in order of comparative advantage. With two countries and many goods, goods can be ranked by comparative advantage (e. G. , by relative unit labor requirements in the Ricardian model). A country's exports will then lie nearer one end of the chain than its imports. With two goods, many countries can be ordered similarly.
Industry:Economy
1. In NAFTA, this portion deals with foreign direct investment. Most controversially, it includes a provision for a firm from one member country that has invested in another to bring action against a unit of government in that country if it has acted to reduce the value of its investment. 2. A portion of U. S. Bankruptcy law under which a firm can file for protection while it reorganizes.
Industry:Economy
An agreement in 2000 among the "ASEAN+3" countries (ASEAN plus China, Japan, and S. Korea) to cooperate in four main areas: monitoring capital flows, regional surveillance, swap networks, and training personnel.
Industry:Economy
A trade dispute between the U. S. And the EEC that began in 1962 when the EEC extended the variable levy of the CAP to poultry, tripling German tariffs on U. S. Chickens. A GATT panel quantified the damage and led to U. S. Retaliatory tariffs on cognac, trucks, and other goods. The U. S. 25% tariff on trucks today is a remnant of the chicken war.
Industry:Economy
1. Employment of children under a specified minimum age. 2. Work that harmful to a child's physical or mental health, development, or education, and that is therefore targeted for elimination by labor standards.
Industry:Economy
A bill introduced into the US Congress by Tom Harkin, but never passed, that would have prohibited imports of products produced by child labor.
Industry:Economy
A system for organizing, recording, and reporting data of a particular kind, such as international trade, industrial output, etc. Typical systems divide data into categories, each assigned numbers. These may be subdivided, using an additional digits, so that more digits mean a finer, or more disaggregated, classification.
Industry:Economy
A market is said to clear if supply is equal to demand. Market clearing can be brought about by adjustment of the price (or the exchange rate, in the case of the exchange market), or by some form of government (or central bank) intervention in or regulation of the market.
Industry:Economy
An arrangement among financial institutions for carrying out the transactions among them, including canceling out offsetting credits and debits on the same account.
Industry:Economy
A commitment to take or make delivery of a currency in the future that is covered by a contract in the forward market; opposite of an open position.
Industry:Economy
