- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
1. Something that depends on other things, which should be taken into account in an analysis. 2. Endogenous variable.
Industry:Economy
A natural or artificial impediment to a firm beginning to operate in an industry. Entry barriers give a first mover advantage to firms already in an industry, and these are often national firms in competition with potential foreign entrants.
Industry:Economy
A subsidy intended for environmental purposes. A subsidy for adapting existing facilities to new environmental laws or regulations is non-actionable under WTO rules.
Industry:Economy
1. A state of balance between offsetting forces for change, so that no change occurs. 2. In competitive markets, equality of quantity supplied and quantity demanded.
Industry:Economy
1. Regarding the structure of tariffs, see tariff escalation. 2. In the context of a trade war, escalation refers to the increase in tariffs that occurs as countries retaliate again and again.
Industry:Economy
1. The portion of a legal text that permits departure from its provisions in the event of specified adverse circumstances. 2. The U. S. Statute (section 201, 1974 trade act) that permits imports to be restricted, for a limited time and on a nondiscriminatory basis, if they have caused injury to U. S. Firms or workers. The escape clause accords with the Safeguards Clause (Article XIX) of the GATT.
Industry:Economy
1. A balance of trade equal to zero. 2. The assumption that the balance of trade must be zero in equilibrium, as would be the case with a floating exchange rate and no capital flows. This is a standard assumption in real models of international trade, which exclude financial assets.
Industry:Economy
A trade dispute between the EU and the U. S. Over EU preferences for bananas from former colonies. On behalf of U. S. -owned companies exporting bananas from South America and the Caribbean, the U. S. Complained to the WTO, which ruled in favor of the U. S.
Industry:Economy
1. Any impediment to the international movement of goods, services, capital, or other factors of production. Most commonly a trade barrier. 2. An entry barrier.
Industry:Economy
Also known at Basel I, this was an agreement in 1988 by the Basel Committee of central bankers to measure the credit risk of commercial banks and set minimum standards for bank capital in order to reduce the likelihood of international repercussions due to bank failures.
Industry:Economy
