- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
A legal system in which rules are clear, well-understood, and fairly enforced, including property rights and enforcement of contracts.
Industry:Economy
A system of international labor standards and mechanisms for compliance and certification overseen by the nonprofit Social Accountability International with participation by corporations, unions, and NGOs.
Industry:Economy
1. To approve or give permission for an action, as when an international organization sanctions the use of particular economic policies. 2. A coercive measure used by a nation or group of nations against another as a penalty for violating international law or international norms. Usually plural: sanctions.
Industry:Economy
1. A list. See tariff schedule. 2. A graph of a list of data; thus also a curve. See demand schedule.
Industry:Economy
An agreement (later, convention) signed in 1985 to remove all frontier controls and permit free movement of persons between the participating countries. In 1999 it was incorporated into the European Union. As of 2007, there were 15 participants: all EU15 countries except Ireland and the U. K. , plus Iceland and Norway.
Industry:Economy
A factory that only assembles a product, from parts that were produced elsewhere. When FDI consists only of screwdriver plants, the host country often objects that it employes only low-skilled workers and/or that it provides no technology transfer.
Industry:Economy
A restriction on the quantity of imports of a good for a specified period of the year.
Industry:Economy
A tariff that is levied at different rates at different times of the year, usually on agricultural products, being highest at the time of the domestic harvest.
Industry:Economy
1. Any argument for protection that can be countered by pointing to a different and less distortionary policy that would achieve the same desired result at lower economic cost. 2. An argument for protection to partially correct an existing distortion in the economy when the first-best policy for that purpose is not available. For example, if domestic production generates a positive externality and a production subsidy to internalize it is not available, then a tariff may be second-best optimal.
Industry:Economy
