The Latin American Experience

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Definition

arancelario

 customs

n. a tax assessed and collected on goods brought into and, sometimes, taken out of a country; duty.

capital “golondrina”

hot money

n. funds which flow into a country to take advantage of a favorable interest rate, and therefore obtain higher returns.

cartera

portfolio

n. the investments or securities owned by a person or company.

competencia justa

fair competition

n. Competition in economics is a term that encompasses the notion of individuals and firms striving for a greater share of a market to sell or buy goods and services.

competitividad

competitiveness

n. the act of having a good chance of success in a competition.

déficit

deficit, shortage

n. an amount by which something is less than what is required or expected, esp. the amount by which income is less than expenses.

degradación ambiental

environmental degradation

n. the deterioration of the environment through depletion of resources such as air, water and soil; the destruction of ecosystems and the extinction of wildlife.

demanda

demand

n. in economics, the desire of consumers for goods or services.

ensambladora

assembler

n. a place where things are put together; a place where workers join the parts of products.

eslabonamientos productivos

production linkages

n. the act of linking or fact of being linked in manufacturing and/or production.

flujo migratorio

migratory flow

n. flow of migrants between countries.

índice de Gini

Gini coefficient

n. a measure of statistical dispersion most prominently used as a measure of inequality of income distribution or inequality of wealth distribution.

insumos

supplies and/or materials

n. what is needed in producing something else

inversión

investment

n. the active redirecting resources from being consumed today so that they may create benefits in the future; the use of assets to earn income or profit.

IVA, Impuesto al Valor Agregado

value – added tax

n. a consumption tax levied on value added.

lucro

profit

n. an amount of money yielded from an investment or business that exceeds the amount originally invested.

a benefit or gain.

maquiladora

assembly plant

n. a place where things are put together; a place where workers join the parts of products.

medidas

measure, means

n. something done to achieve an end.

oferta

supply

n. in economics, the amount of a commodity available for purchase at a particular price.

patrón

employer, boss

n. a person or organization that employs others, usu. for payment.

PIB, Producto Interno Bruto

GDP, Gross Domestic Product

n. one of the measures of national income and output for a given country's economy.

prestaciones

benefits

n. an object, service, or sum of money that enhances well-being; aid.

productividad

productivity, output

n. the act or process of producing something; production.

recesión

recession

n. a period of reduced or declining economic activity.

soberanía

sovereignty

n. the power of self-government, with independence from outside control; autonomy.

subdesarrollo

underdevelopment

n. something developed to less than the required or desirable degree.

subsidio

subsidy

n. direct financial assistance provided by the government to a business, industry, educational institution, individual, or the like.

superávit

surplus

n. the quantity that exceeds what is needed or required; an extra amount.

the excess of revenue in a budget or business over a given period of time.

TLC, Tratado de Libre Comercio

NAFTA, North American Free Trade Agreement

n. is a trilateral trade bloc in North America created by the governments of the United States, Canada, and Mexico.

TLCAN, Tratado de Libre Comercio de América del Norte

NAFTA, North American Free Trade Agreement

n. is a trilateral trade bloc in North America created by the governments of the United States, Canada, and Mexico.

vigencia

term, life, validity

n. the quality or condition of being valid.

the fixed period of time during which something happens.