- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
A payment by government, perhaps implicit, to the private sector in return for some activity that it wants to reward, encourage, or assist. Under WTO rules, subsidies may be prohibited, actionable, or non-actionable.
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
A trading bloc among countries that are not natural trading partners.
Industry:Economy
A "treaty of friendship, co-operation, and mutual assistance" including the Soviet Union and its satellite states in Central Europe. Signed in 1955, it included eight countries.
Industry:Economy
A set of economic practices and reforms deemed by international financial institutions (located in Washington, D. C. ) to be helpful for financial stability and economic development; often imposed as conditions for economic assistance by these institutions. Phrase coined by John Williamson (1990).
Industry:Economy
A tax on income that is levied at the source, thus diverted to the government before the recipient of the income ever sees it. Used in international tax treaties to assist tax collection.
Industry:Economy
A group of five closely associated international institutions providing loans and other development assistance to developing countries. The five institutions are IBRD, IDA, IFC, MIGA, and ICSID. As of July 2010, the largest of these, IBRD, had 187 member countries.
Industry:Economy
A self-described "independent, international organization incorporated as a Swiss not-for-profit foundation" that brings together leaders from business, government, academia, and civil society to seek solutions to the world's economic problems.
Industry:Economy
A global international organization that specifies and enforces rules for the conduct of international trade policies and serves as a forum for negotiations to reduce barriers to trade. Formed in 1995 as the successor to the GATT, it had 153 member countries as of July 2010.
Industry:Economy
A situation in which profit in an industry is zero, usually as a result of free entry and exit. It may, if firms are not identical, refer only to the marginal firm. And it always means zero ''excess'' profit, not that all returns to capital invested in the industry are zero
Industry:Economy
