|
|
Domestic resource cost |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Domestic resource costA measure, in terms of real resources, of the opportunity cost of producing or saving foreign exchange. It is an ex ante measure of comparative advantage, used to evaluate projects and policies. The term was introduced to the economics literature by Bruno (1963, 1972).Similar MatchesDomestic content protectionDomestic content protectionUse of trade policies such as domestic content requirements to increase the portion of a product's value that is provided by domestic factors of production, either in direct production or through produced inputs. Domestic marketDomestic marketThe market within a country's own borders. Dumping, for example, may be defined by comparing the price charged for export with the price charged on the domestic market, i.e., to buyers within the exporting country. Domestic lawDomestic lawThe laws and legal system of a country, which may be constrained by international obligations such as WTO membership. Sometimes a domestic law is inconsistent with such obligations and must be changed. This may be seen as a threat to the country's sovereignty. Domestic International Sales CorporationDomestic International Sales CorporationA type of U.S. corporation, authorized in 1971, with income primarily from exports. Usually wholly owned U.S. subsidiaries, DISCs had special treatment in borowing or taxation. A 1976 GATT case found against the U.S., which reached a compromise settlement with the EC in 1981. DISC was replaced in 1984 by foreign sales corporations. Domestic distortions argument for protectionDomestic distortions argument for protectionSee second best argument. Further SuggestionsDomestic International Sales Corporation (DISC)Gross domestic product (GDP) Net domestic product Domestic credit Domestic corporation Domestic Domestic series Qualified Domestic Relations Order (QDRO) Gross domestic product Domestic bonds Domestic content requirement Domestic trade gross domestic product Domestic support |
|
|
|