45 relations: Business, Capitalism, City, Comparative advantage, Competition, Competition law, Competitive advantage, Country, Development economics, Dick Gephardt, Ease of doing business index, Economic system, Export, Foreign direct investment, Foreign exchange market, General Agreement on Tariffs and Trade, Global Competitiveness Report, Globalization, Industry, International Institute for Management Development, International trade, Liberty Fund, Market (economics), Michael Porter, National Competitiveness Council, Neoclassical economics, North American Free Trade Agreement, Omnibus Foreign Trade and Competitiveness Act, Presidency of Ronald Reagan, Productivity, Project Socrates, Protectionism, Public sector, Section 201, Section 301 of the Trade Act of 1974, State (polity), Strategy, Trade Act of 1974, Trade war, United States International Trade Commission, Washington Consensus, Western Europe, World Competitiveness Yearbook, World Economic Forum, World Trade Organization.
Business is the activity of making one's living or making money by producing or buying and selling products (goods and services).
Capitalism is an economic system based upon private ownership of the means of production and their operation for profit.
A city is a large human settlement.
The law or principle of comparative advantage holds that under free trade, an agent will produce more of and consume less of a good for which they have a comparative advantage.
Competition is, in general, a contest or rivalry between two or more entities, organisms, animals, individuals, economic groups or social groups, etc., for territory, a niche, for scarce resources, goods, for mates, for prestige, recognition, for awards, for group or social status, or for leadership and profit.
Competition law is a law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies.
In business, a competitive advantage is the attribute that allows an organization to outperform its competitors.
A country is a region that is identified as a distinct national entity in political geography.
Development economics is a branch of economics which deals with economic aspects of the development process in low income countries.
Richard Andrew Gephardt (born January 31, 1941) is an American politician who served as a United States Representative from Missouri from 1977 to 2005.
The ease of doing business index is an index created by Simeon Djankov at the World Bank Group.
An economic system is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area.
The term export means sending of goods or services produced in one country to another country.
A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country.
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies.
General Agreement on Tariffs and Trade (GATT) was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas.
The Global Competitiveness Report (GCR) is a yearly report published by the World Economic Forum.
Globalization or globalisation is the process of interaction and integration between people, companies, and governments worldwide.
Industry is the production of goods or related services within an economy.
International Institute for Management Development (IMD) is a business education school located in Lausanne, Switzerland.
International trade is the exchange of capital, goods, and services across international borders or territories.
Liberty Fund, Inc. is a nonprofit foundation headquartered in Indianapolis, Indiana which promulgates the libertarian views of its founder, Pierre F. Goodrich through publishing, conferences, and educational resources.
A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange.
Michael Eugene Porter (born May 23, 1947) is an American academic known for his theories on economics, business strategy, and social causes.
The (NCC) is an independent policy advisory body in Ireland.
Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.
The North American Free Trade Agreement (NAFTA; Spanish: Tratado de Libre Comercio de América del Norte, TLCAN; French: Accord de libre-échange nord-américain, ALÉNA) is an agreement signed by Canada, Mexico, and the United States, creating a trilateral trade bloc in North America.
The Omnibus Foreign Trade and Competitiveness Act of 1988 is an act passed by the United States Congress and signed into law by President Ronald Reagan.
The presidency of Ronald Reagan began at noon EST on January 20, 1981, when Ronald Reagan was inaugurated as 40th President of the United States, and ended on January 20, 1989.
Productivity describes various measures of the efficiency of production.
Project Socrates was a classified U.S. Defense Intelligence Agency program established in 1983 within the Reagan administration.
Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations.
The public sector (also called the state sector) is the part of the economy composed of both public services and public enterprises.
Section 201, as referred to in shorthand, is a section of the Trade Act of 1974 (P.L. 93-618) that permits the President to grant temporary import relief, by raising import duties or imposing nontariff barriers on goods entering the United States that injure or threaten to injure domestic industries producing like goods.
Section 301 of the U.S. Trade Act of 1974, (U.S.C.) authorizes the President to take all appropriate action, including retaliation, to obtain the removal of any act, policy, or practice of a foreign government that violates an international trade agreement or is unjustified, unreasonable, or discriminatory, and that burdens or restricts U.S. commerce.
A state is a compulsory political organization with a centralized government that maintains a monopoly of the legitimate use of force within a certain geographical territory.
Strategy (from Greek στρατηγία stratēgia, "art of troop leader; office of general, command, generalship") is a high-level plan to achieve one or more goals under conditions of uncertainty.
The Trade Act of 1974 (codified at) was passed to help industry in the United States become more competitive or phase workers into other industries or occupations.
A trade war is an economic conflict resulting from extreme protectionism in which states raise or create tariffs or other trade barriers against each other in response to trade barriers created by the other party.
The United States International Trade Commission (USITC, sometimes I.T.C.) is an independent, bipartisan, quasi-judicial, federal agency of the United States that provides trade expertise to both the legislative and executive branches.
The Washington Consensus is a set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.–based institutions such as the International Monetary Fund (IMF), World Bank and United States Department of the Treasury.
Western Europe is the region comprising the western part of Europe.
The World Competitiveness Yearbook is an annual report published by the Swiss-based International Institute for Management Development (IMD) on the competitiveness of nations and has been published since 1989.
The World Economic Forum (WEF) is a Swiss nonprofit foundation, based in Cologny, Geneva, Switzerland.
The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade.