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Domestic support |
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Domestic supportAn policy that assists domestic industry, including a subsidy to production, payment not to produce, price support, and other means of increasing the income of producers.Similar MatchesDomestic 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 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 distortions argument for protectionDomestic distortions argument for protectionSee second best argument. 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. Gross domestic productGross domestic productThe total value of new goods and services produced in a given year within the borders of a country, regardless of by whom. It is "gross" in the sense that it does not deduct depreciation of previously produced capital, in contrast to NDP. Further SuggestionsQualified Domestic Relations Order (QDRO)Domestic content requirement Domestic resource cost gross domestic product Gross domestic product (GDP) Domestic market Domestic corporation Domestic International Sales Corporation (DISC) Domestic trade Domestic series Domestic Domestic bonds Net domestic product Domestic credit |
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