Flashcards: Economic policy

Economic sanctions are commercial and financial penalties applied by one or more countries against a targeted country, group, or individual.

The Summits of the Americas (SOA) is a series of international summit meetings bringing together the leaders of countries in the Americas.

National champion is a governmental policy in which large organisations are expected not only to seek profit but also to "advance the interests of the nation"; the government sets policies which favour these organisations.

During the Croatian War (1991–95), Bosnian War (1992–95) and Kosovo War (1998–99), there were several international sanctions implemented against the Republic of Serbia.

Crisis management is the process by which an organization deals with a major event that threatens to harm the organization, its stakeholders, or the general public.

Foreign-exchange reserves (also called forex reserves or FX reserves) is money or other assets held by a central bank or other monetary authority so that it can pay if need be its liabilities, such as the currency issued by the central bank, as well as the various bank reserves deposited with the central bank by the government and other financial institutions.

A free market is a system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy.

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.

Quantitative easing (QE) is a monetary policy used by central banks to stimulate the economy.

The Nordic model (also called Nordic capitalism or Nordic social democracy) refers to the economic and social policies common to the Nordic countries (Denmark, Finland, Norway, Iceland and Sweden).

Following the Iranian Revolution of 1979, the United States imposed economic sanctions against Iran and expanded them in 1995 to include firms dealing with the Iranian government.

Deregulation is the process of removing or reducing state regulations, typically in the economic sphere.

Intergenerational equity in economic, psychological, and sociological contexts, is the concept or idea of fairness or justice in relationships between children, youth, adults and seniors, particularly in terms of treatment and interactions.

Fractional-reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, and holds reserves that are equivalent to a fraction of its deposit liabilities.

The sanctions against Iraq were a near-total financial and trade embargo imposed by the United Nations Security Council on the Iraqi Republic.

National Competition Policy is formulated by the Government of India with a view to achieve highest sustainable levels of economic growth, entrepreneurship, employment, higher standards of living for citizens, protect economic rights for just, equitable, inclusive and sustainable economic and social development, promote economic democracy and support good governance by restricting rent-seeking practices.

Demand Management is a planning methodology used to forecast [predict], plan for and manage the demand for products and services.