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University of Michigan
Industry: Education
Number of terms: 31274
Number of blossaries: 0
Company Profile:
1. Under the GATT this refers only to exports that are subsidized or dumped 2. Under U. S. Law, this also includes various actions that interfere with U. S. Exports. See Section 301 and Super 301. 3. Also used to refer to almost any trade that the speaker objects to, sometimes including that based on low wages or weak regulations.
Industry:Economy
Aid given by one country to another, as opposed to multilateral aid in which countries contribute to an international organization that in turn gives aid to deserving countries.
Industry:Economy
A basic function of money, providing a unit of measurement for defining, recording, and comparing value. I. E. , one dollar signifies not only a one dollar bill, but also a dollar's worth of money in other forms (deposits), of wealth in other forms than money, and of any good or service with a market value.
Industry:Economy
A legal body created in 1966 to formulate and harmonize national rules on international commercial transactions. It includes 36 member states elected by the UN General Assembly, representing various geographic regions and economic and legal systems. It differs from the WTO in its more technical focus and its broad representation.
Industry:Economy
A United Nations regional commission to "promote the economic and social development. . . , foster intra-regional integration, and promote international cooperation for Africa's development. "
Industry:Economy
A trading bloc among countries that are not natural trading partners.
Industry:Economy
A bond sold to Japanese retail buyers but denominated in a foreign currency.
Industry:Economy
A free trade agreement signed in 2004 between the United States, the Dominican Republic, and a number of countries in Central America. As of January 2006, the agreement had been ratified by all but Costa Rica.
Industry:Economy
A function that specifies the utility (well being) of a consumer for all combinations goods consumed (and sometimes other considerations). Represents both their welfare and their preferences.
Industry:Economy
A tax that is levied only on the value added of a firm. A VAT is usually subject to border tax adjustment.
Industry:Economy