Term
|
Definition
| The International Agreement in 1987 to limit the emissions of CFCs (chloro-flouro-carbons) into the atmosphere, which emissions had been causing the destruction of the ozone layer |
|
|
Term
|
Definition
| The progressive reduction of environmental regulations, in response to pressure from firms on their own governments to help them compete with foreign producers. |
|
|
Term
|
Definition
| A country that competes internationally by offering foreign firms a reduced set of environmental compliance requirements |
|
|
Term
| Produce-more-pollute-more model |
|
Definition
| The idea, held by some environmental opponents of trade, that trade stimulates production and production increase pollution |
|
|
Term
| Millennium Challenge Account |
|
Definition
| A foreign aid program introduced by President Bush to promote economic growth in developing countries. (The reading by Purvis argues that this program should promote sustainable development and include environmental safeguards. |
|
|
Term
|
Definition
| A US ban on imports that were not certified as "dolphin safe," meaning that they had been caught without harming dolphins. The GATT ruled against this policy, saying imports cannot be restricted on the basis of how they were produced. |
|
|
Term
|
Definition
| Aid that is required to be spent on the donating country's goods and services |
|
|
Term
|
Definition
| MCA = Millennium Challenge Account; Millennium Challenge Corporation. MCA is the money Congress has appropriated for this purpose. MCC is the organization that allocates the money. |
|
|
Term
|
Definition
| Development Assistance Committee = Group of richer countries within the OCED who confer on providing aid |
|
|
Term
|
Definition
| Use of a pegged exchange rate to constrain monetary policy and expectations, so as to reduce inflation |
|
|
Term
|
Definition
| Economic policies that were common in Latin America, emphasizing growth and redistribution while ignoring the associated economic risks and constraints |
|
|
Term
|
Definition
| Financial assets that can be readily converted into cash |
|
|
Term
|
Definition
| Borrowing to finance a purchase of a financial asset, creating potential for both larger gain and larger loss |
|
|
Term
|
Definition
| High Performance Asian Economies (Hong Kong, Japan, Indonesia, Singapore, Taiwan, Thailand, Korea, Malaysia |
|
|
Term
|
Definition
| Heavily Indebted Poor Countries |
|
|
Term
|
Definition
| The average price of a country's exports compared to its imports |
|
|
Term
|
Definition
| Generalized System of Preferences- A system to reduced tariffs on certain imports from developing countries that developed countries have used to help them develop |
|
|
Term
|
Definition
| Human Capital and the value of institutions |
|
|
Term
|
Definition
| The four countries of East Asia whose economic growth began shortly after the success of Japan: Hong Kong, South Korea, Singapore, and Taiwan |
|
|
Term
|
Definition
| The shift from high birth and death rates to low birth and death rates, which is a shift that typically accompanies successful economic development. |
|
|
Term
|
Definition
| Ministry of Economy Trade and Industry: The Ministry of the Japanese government that played a major role in guiding the industrial policies of Japan's economic development. |
|
|
Term
|
Definition
| Industry located in an export processing zone in Mexico, in which inputs are imported duty-free and outputs then exported to the US subject to tariff only on the Mexican value added |
|
|
Term
|
Definition
| The replacement of purchases from domestic producers by purchases from producers in the partner country of a preferential trading arangement that occurs when tariffs are reduced on imports from the partner |
|
|
Term
|
Definition
| The financial crisis that occurred in Mexico in later 1994, including a depreciation of the Mexican Peso of about 50% (also called Peso Crisis) |
|
|
Term
|
Definition
| A feature of a free trade agreement that would allow other countries to join when they are ready |
|
|
Term
| Fund for investment by Mexico |
|
Definition
| In the reading by Faux, the proposed fund in exchange for guarantees of trade unions, minimum wages, increased educations, and other social spending |
|
|
