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Jackson Amendment (F1)<br />An amendment to US trade law proposed in 1975 by Senator Jackson: it denies MOST FAVOURED NATION status to countries not permitting free emigration.
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neutral budget (GO, H5)<br />1 A national financial budget with the FISCAL STANCE of seeking to avoid stimulation or contraction of a national economy.<br /> 2 A national STRUCfURAL DEFICIT equal to zero.
mercantilism (B1)<br />A system of ideas and government policies advanced by a series of writers of economic pamphlets, many of them merchants (hence the term), who in the period 1550-1750 advanced theories of international trade, money, prices and employment. The major writers of this school include HALES, MALYNES, NORTH, MUN and CHILD. The earlier writers emphasized the importance of keeping the balance of payments in surplus so that bullion could be accumulated. Money was not seen, initially, as being a factor of production, except to finance wars. TARIFFS, EXCHANGE CONTROLS and monopoly trading companies were advocated to achieve these ends.
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