GPE Chapter 13
Terms in this set (16)
African Growth and Opportunity Act (AGOA)
A preferential agreement offered by the United States to countries in sub-Saharan Africa giving them improved access to the U.S. market for their exports
Andean Trade Preference Act (ATPA)
A preferential agreement offered by the United States to countries in the Andean region of South America giving them improved access to the U.S. market for their exports.
The 1965 agreement between the United States and Canada that created free trade in the automotive sector.
bilateral investment treaty (BIT)
An agreement between two countries that specifies the rules for cross-border investment.
Canadian-U.S. Trade Agreement (CUSTA)
A 1989 free trade agreement between the United
States and Canada, and a precursor of NAFTA.
Caribbean Basin Initiative (CBI)
Is the name for a set of preferential agreements offered by the United States to countries in the Caribbean region giving them preferential access to the U.S. market for their exports.
A financial crisis brought on by unsustainable levels of debt. The debt may be either privately or publicly owed.
A Mexican system of collective farms
Generalized System of Preferences (GSP)
A set of preferences given by some high-income countries to low- and middle-income countries. The GSP provides low income countries with preferential access at reduced tariff rates to high-income markets.
import substitution industrialization (ISI)
An economic development strategy that emphasizes the domestic production of goods that substitute for imports. ISI policies decrease imports and exports.
A dispute between a foreign enterprise and the government where the enterprise is located
The period of recession in Latin America brought on by the region-wide debt crisis beginning in August 1982. There is no official date ending the Lost Decade, but 1989 is a useful benchmark, since it coincided with a new strategy for handling the crisis.
North American Agreement on Environmental Cooperation
The environmental "side agreement" to the NAFTA.
North American Agreement on Labor Cooperation
The labor "side agreement" to the NAFTA
A trade agreement in which one side makes unilateral concessions to the other; used by high-income countries to grant preferential access to developing countries
purchasing power parity
An adjustment to exchange rates or incomes designed to keep constant the real purchasing power of money when converted from one currency to another