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.
|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."|
|1974||Trade Act of 1974.|
|1st Unbundling||See 2nd unbundling.|
|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.|
1. Section 301.
2. Special 301.
|45-degree rule||See Thirlwall's Law.|
|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.|
|807 imports||Tariff items 806 & 807.|