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1 Belt, 1 Road One Belt, One Road
1:1 1. Short name for Argentina's policy in the 1990s of fixing its currency's value to the US dollar, one peso equaling one dollar.
2. Later, 1:1 trade policy referred to Argentina's trade balancing mechanism.
11 Chapter 11.
16+1 A platform for facilitating cooperation between China and sixteen Central and East European Countries. They have held summits. each year since the group was established in 2012.
18th Century Rule The principle of gains from trade understood by writers as early as 1701 and stated by Viner (1937) that "it pays to import commodities from abroad whenever they can be obtained in exchange for exports at a smaller real cost than their production at home would entail."
19 Chapter 19.
1974 Trade Act of 1974.
1992 Europe 1992.
1997 Crisis Asian crisis.
1st Unbundling See 2nd unbundling.
21 Agenda 21.
201 Section 201.
2030 Agenda See Sustainable Development Goals
2nd Unbundling The name given by Baldwin (2006) to the wave of international fragmentation that began in the late 20th century. Contrasts with the 1st unbundling in which production and consumption ceased to be kept together, permitting the growth of international trade.
2x2x2 Model The Heckscher-Ohlin Model with 2 factors, 2 goods, and 2 countries.
3 Seas Initiativve Three Seas Initiative.
301 1. Section 301.
2. Special 301.
3. Super 301
4-firm concentration ratio See concentration ratio. The sum of the market shares of the 4 largest firms in an industry. This is one of two widely used measures for firm concentration, or oligopoly. The other is the Herfindahl index.
4 Freedoms See Four Freedoms.
421 Section 421.
45-degree rule See Thirlwall's Law.
50 Article 50.
50 Years Is Enough A U.S.-based coalition of organizations committed to the transformation of the IMF and the World Bank. Its more formal name is U.S. Network for Global Economic Justice. Its demands include debt cancellation, end of structural adjustment, and payment of various reparations.
7 Sisters Seven Sisters.
77 G-77.
807 imports Tariff items 806 & 807.