19 Terms
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International economics
International trade theories, policies, finances and their effects on economic activities.
Industry: Economy
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International economics
General Agreement on Tariffs and Trade (GATT)
Economy; International economics
A multilateral treaty entered into in 1948 by the intended members of the International Trade Organization, the purpose of which was to implement many of the rules and negotiated tariff reductions ...
Geneva ministerial
Economy; International economics
1. The second ministerial meeting of the World Trade Organization, held in Geneva, Switzerland, May 18-20, 1998. It did not do much. 2. The WTO's seventh ministerial, also held in Geneva, November 30 ...
Budget constraint
Economy; International economics
1. For an individual or household, the condition that income equals expenditure (in a static model), or that income minus expenditure equals the value of increased asset holdings (in a dynamic ...
Buffer stock
Economy; International economics
A large quantity of a commodity held in storage to be used to stabilise the commodity's price. This is done by buying when the price is low and adding to the buffer stock, selling out of the buffer ...
Byrd Amendment
Economy; International economics
A US law enacted in 2000 requiring that revenues from anti-dumping duties and countervailing duties be given to the US domestic producers who had filed the cases.
Cabotage
Economy; International economics
1. Navigation and trade by ship along a coast, especially between ports within a country. Restricted in the U. S. By the Jones Act to domestic shipping companies. 2. Air transportation within a ...
