Econ 340 Acronyms
Terms
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- GDP
- gross domestic product
- CGD
- Center for Global Development
- WTO
- World Trade Organization
- IMF
- International Monetary Fund
- OECD
- Organization for Economic Cooperation and Development
- ITO
- International Trade Organization
- GATT
- General Agreement on Tariffs and Trade
- IBRD
- International Bank for Reconstruction and Development
- EME
- Emerging Market Economies
- UN
- United Nations
- UNCTAD
- un conference for trade and development
- ILO
- international labor org
- WIPO
- world intellectual property organization
- EU
- European Union
- NAFTA
- North American Free Trade Area
- PTA
- preferential trade agreement
- RTA
- regional trade agreement
- FTA
- free trade agreement
- CAFTA
- Central American Free Trade Area
- ADD and definition
- Anti-Dumping Duty. Tariff levied on imports in retaliation for selling below fair value
- OPEC
- Organization of Petroleum Exporting Countries
- CA and definition
- Comparative advantage is a relatively low price in comparison with other countreis in autarky
- Heckscher-ohlin model- another name and definition
- factor proportions model. comparative advantage is determined by factor endowment and factor intensity. countries export goods that use abundant factors
- LDC
- least developed country
- IIT and definition
- intra-industry trade; countries can export the same good to each other
- TOT and define
- Terms of trade; price of exports relative to imports
- DWL
- deadweight loss
- NTB
- non tariff barriers
- define quota rent
- profit from buying at world price and selling at higher domestic price
- TRQ
- tariff rate quota
- VER
- voluntary export restraint
- CAP
- common agriculture policy
- AD
- anti dumping
- FPE
- factor price equalization
- ECB
- european central bank
- USTR
- us trade rep
- ITA, decides what
- international trade administration, decides fairness
- USITC, decides what
- us international trade commission, decides injury
- TAA, define
- trade adjustment assistance; provides temporary help to firms hurt by imports
- TPA; define
- trade promotion agency; fast track
- GSP; define
- generalized system of preferences; allows lower tariffs to some developing country exports
- CVD; define
- countervailing duty; subsidy practically
- NGO
- non governmental organizations
- GATS
- general agreement of trade in services
- TRIPs
- trade related aspect of intellectual property rights
- mfn
- most favored nation
- ustpa
- us trade promotion authority
- mnc
- multinational corp
- mne
- multinational enterprise
- tnc
- trans national corp
- bit
- bilateral investment treaty
- PNTR
- permanent normal trade relations
- gsp
- generalized system of preferences
- mfa
- multi-fiber agreement
- PPP
- purchasing power parity