Diplomacy & Politics Glossary
Every term you need — from Model UN procedure to international law, economics, and political theory. Clear definitions, real examples, and cross-linked concepts.
2302 terms across 11 categories
Showing 13 terms matching your filters
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2 termsCarbon Leakage
When strict climate policies cause emissions to shift to countries with looser regulations.
Comparative Advantage
An economic principle stating that countries benefit by specializing in producing goods where they have a lower opportunity cost than others, enabling efficient trade.
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1 termT
3 termsTerms of Trade
The ratio of export prices to import prices, indicating how many imports a country can buy per unit of exports.
Trade Elasticity
A measure of how sensitive the quantity of traded goods is to changes in trade costs or prices.
Trade Elasticity of Supply
The responsiveness of the quantity supplied of a good to changes in its price in international markets.
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5 termsWorld Trade Organization (WTO) Dispute Settlement
A legal process resolving trade disputes between member countries to enforce WTO agreements.
World Trade Organization (WTO) Plurilateral Agreements
Trade agreements within the WTO framework that involve only some member countries rather than all members.
World Trade Organization (WTO) Tariff Negotiations
These negotiations involve member states agreeing on tariff reductions to promote free and fair international trade.
World Trade Organization (WTO) Trade Facilitation Agreement
Agreement aiming to simplify and expedite customs procedures to boost international trade efficiency.
World Trade Organization Plurilateral Agreements
Trade agreements among a subset of WTO members that do not require consensus of all members but operate under the WTO framework.