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An agreement between two countries, as opposed to a multilateral agreement.
Industry:Economy
A debt instrument, issued by a borrower and promising a specified stream of payments to the purchaser, usually regular interest payments plus a final repayment of principal. Bonds are exchanged on open markets including, in the absence of capital controls, internationally, providing a mechanism for international capital mobility.
Industry:Economy
1. A word referring to a grouping of the three countries, Belgium, Netherlands, and Luxembourg. Claimed by ''The Economist'' (May 3, 2008) to have been coined in August 1946 by its Belgian correspondent. 2. The economic union of the three Benelux countries, initially a customs union, later an economic union, and now part of the European Union.
Industry:Economy
A town in New Hampshire at which a 1944 conference launched the IMF and the World Bank. These, along with the GATT/WTO became known as the Bretton Woods Institutions, and together they comprise the Bretton Woods System.
Industry:Economy
A payment made to person, often a government official such as a customs officer, to induce favorable treatment.
Industry:Economy
1. The plant and equipment used in production. 2. One of the main primary factors, the availability of which contributes to the productivity of labor, comparative advantage, and the pattern of international trade. 3. A stock of financial assets.
Industry:Economy
1. A number or symbol multiplied by a variable. 2. In a regression analysis, the estimated numerical association between one variable and another, usually taken to represent the sign and size of the causal effect of one on the other.
Industry:Economy
1. The GATT principle that members who violate GATT rules must compensate other countries by lowering tariffs or making other concessions, or be subject to retaliation. 2. The actual or potential payment by the winners from a change in trade or other policy to the losers, intended to undo the harm to the latter. Actual compensation is rare, but the potential for compensation is used as the basis for most evaluations of the gains from trade.
Industry:Economy
