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A group of currencies, if it exists, whose values are tied more to the Chinese yuan than to the US dollar.
Industry:Economy
A situation in which profit in an industry is zero, usually as a result of free entry and exit. It may, if firms are not identical, refer only to the marginal firm. And it always means zero ''excess'' profit, not that all returns to capital invested in the industry are zero.
Industry:Economy
A game in which the payoffs to the players add up to zero, so that a gain for one is necessarily equaled by loss to others. Contrasts with positive sum game.
Industry:Economy
A policy that alters the amount of trade, up or down, from what it would otherwise be. Agricultural subsidies, even if not based on quantity of exports, are trade distorting unless they are paid independently of whether and how much farmers produce.
Industry:Economy
A trade indicator can be any sort of data, or even an anecdote, that suggests how the volume or composition of trade compares across time or across countries. Trade indicators are published by the World Bank and the OECD, among others.
Industry:Economy
A policy introduced in 2004 by the IMF to make resources more "predictably available" to member countries meeting balance of payments problems due to multilateral trade liberalization.
Industry:Economy
1. An office or other facility maintained in one country by the government of another to help residents of both to engage in international trade between them. 2. A group of persons from business and government of a country that travels to another country to promote its exports.
Industry:Economy
A negotiation between pairs of governments, or among groups of governments, exchanging commitments to alter their trade policies, usually involving reductions in tariffs and sometimes nontariff barriers.
Industry:Economy
A policy of admitting imports from one or more countries at lower (perhaps zero) tariffs than apply to otherwise comparable imports from other countries. See preferences and Preferential Trading Arrangement.
Industry:Economy
