Final memos Flashcards
(31 cards)
Giant sucking sound
perot was referencing the probable outcome if the north american free trade agreement were passed, the united states would watch jobs flow from the US into mexico at an alarming rate
maquiladora
maquiladora program allowed for tax free imports of raw materials and tax free exports from the products from those raw materials
voluntary restraints
self - imposed restrictions on exports made by exporting country. importing countries could request voluntary export restrained of their trade partners in an attempt to minimize imports and boost domestic product on substitute goods
US sugar quotas
1981 farm bill to protect sugar producers from the volatile sugar price fluctuations in the early 1980s
trans pacific partnership
trade agreement between the members of the partnership, set new terms for trade, expand trade agreements, open markets, set high standard trade rules
north american lobster in sweden
32 america lobsters were found in sweden waters, so the swedish government officials propose to ban live lobsters from US and Canada
Abe’s three arrows
economic policies instilled by shinzo abe, under three categories, monetary easing, fiscal policy, and structural reform
mundell flemming trillema
cannot maintain fixed exchange rate, free capital movements and an independent mandatory policy
federal reserve triple mandate and dual mandate
the dual mandate focuses on the promotion of maximum employment and maintaining stability, but to achieve the two goals, we must also moderate long term interest rates and stock prices
big mac index
based on the exchange rate theory of PPP, where exchange rates should adjust to make the price of goods the same in each country
jones act
restricts the import of cargo from foreign vessels to non contiguous parts of the US
consumption demand clause
an exception to section 307 of the tariff act, which allows goods that are produced through forced labor to be imported into the united states as long as there are similar goods produced within the country that cannot meet consumer demand
TPP Environmental clause
prohibits some of the most harmful fisheries subsidiaries. combat wildlife trafficking and illegal logging
the united states trade representative
responsible for developing and coordinating US international trade and negotiating trade policies
top three nations importing to the US
china, mexico, and canada
top three exporters
china, mexico, and canada
top three countries investing in the US are
united kingdom, Japan, and Netherlands
US saving rate
5.7 percent
China saving rate
49.87%
gleevic
a product known to kill cancer cells. the drug manufacturer wanted to patent product, but was unable to due to the patent already existing
rosy - periwinkle
a species of flower found in madagascar known to have anti - cancer properties
tuna dolphin GATT case
a case brought to the US regarding its embargo on yellow fin tuna. US believed that Mexicos way of catching yellow fin tuna harmed dolphins, which violated US environmental policies
Japan demographic
population started diminishing in 2004, currently 22% of japanese are 65 or older. less young people are able to fund the pensions of the older people
Population of the US workers in argriculture
100 years ago 38% of labor force was in agriculture, but today only 2% are in agriculture.
