|
|
Adjustment assistance |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Adjustment assistanceGovernment program to assist those workers and/or firms whose industry has declined, either due to competition from imports (trade adjustment assistance) or from other causes. Such programs usually have two (conflicting) goals: to lessen hardship for those affected and to help them change their behavior -- what, how, or where they produce.Similar MatchesTrade adjustment assistanceTrade adjustment assistanceA program of adjustment assistance for workers and firms in industries that have suffered from competition with imports. In the U.S., TAA began with the Trade Act of 1974, and has been renewed and expanded since then, including as part of the NAFTA. Adjustment bondAdjustment bondA bond issued in exchange for outstanding bonds when a corporation facing bankruptcy is recapitalized. Walrasian adjustmentWalrasian adjustmentA market adjustment mechanism in which price rises when there is excess demand and falls when there is excess supply. Strictly speaking, these excess supplies and demands are those that would obtain without any history of disequilibrium, as with a Walrasian auctioneer. Marshallian adjustmentMarshallian adjustmentA market adjustment mechanism in which quantity rises when demand price exceeds supply price and falls when supply price exceeds demand price. International adjustment processInternational adjustment process1. Any mechanism for change in international markets. 2. The mechanism by which payments imbalances diminish under pegged exchange rates and nonsterilization. Similar to the specie flow mechanism, exchange-market intervention causes money supplies of surplus countries to expand and vice versa, leading to price and interest rate changes that correct the current and capital account imbalances. Further SuggestionsCumulative Translation Adjustment (CTA) accountBorder tax adjustment higher rate adjustment Structural adjustment program Balance of payments adjustment mechanism Adjustment mechanism Structural adjustment Adjustment date |
|
|
|