BEW2

Vocabulary Units 42- 47 / 54-58 / 60-62

Vocabulary Units 42- 47 / 54-58 / 60-62


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corss-border capital flows

grenzüberschreitend Kapitalfluss

Capital flows = inflows and outflows

 

repatriate

in die Heimat zurücksenden

withdraw

zurückziehen, zurücktreten

liberalization

a global trend

Liberalisierung

foreign exchange crisis

Wechselnkruskrise

its currency becomes worth less in term of others.

infrastructure projects

road building, water supply systems, etc...

Heavily Indebted Poor Countries (HIPCs)

Arme schwer verschuldete Länder

Millenium development goals

specific targets relating to poverty (Armut) reduction and stimulation of growth in poorer countries.

debt load/ debt burden 

an amount of debt owed by a company, country, etc. seen as a problem

debt service

making repayments on a debt

debt rescheduling

when lenders agree for a debt to be repaid at a different time

debt restructuring

when lenders agree for a debt to be reapid in a different way

debt relief

when lenders agree that debts do not have to be rapid in full, or can be repaid later than originally agreed.

debt forgiveness

when lenders agree that debt do not need to be repaid.

free trade areas or blocs such as

  • EEA (European Economix Area) EU plus andere Länder
  • NAFTA (North American Free Trade Area) - Canada, USA and Mexico
  • GAFTA (Greater Arab Free Tarde Area)
  • Mecosur - South America countries

dismantled

ablished = abgeschaft / abgebaut / aufgehoben

trade barriers include:

  • tariff - taxes on imported goods
  • quotas - limits on the number of goods that can be imported 

World Trade Organization (WTO)

is working to remove or dismantle trade barriers and to resolve trade disputes (disagreements about trade).

open up their markets

Markteröffnung

dumping their steel

selling it for less than it costs to produce.

commodites

Agrarrohstoffe

smallholders

small farmers

co-operatives

organizations jointly owed by them

middlemen

Zwischenhändler

Overproduction

causing a glut (Flut / Überangebot)

economic foundation

wirtschaftliche Grundlage

emerging countries

Schwellenländer

trade surplus

when they export more than they import

foreign currency reserves

Fremdwährungsreserven

offshoring

Auslandverlagerung

hydrocarbons

oil and gas

demographics

population

declining birth rates

Geburtsraterückgang

ageing populations

Überalterung

Political maturity

efficient government

aid agencies

Aid = Hilfe

Hilfsorganisation

natural disaters such as :

Naturkatastrophe

  • earthquakes - Erdbeben
  • floods - Überschwemmungen
  • epidemics - widespread disease

famine

Hungersnot

crop failure

Missernte / Ernteausfall

emergency relief

Nothilfe