uncertainty of exchange rates
81Optimum currency area — In economics, an optimum currency area (OCA), also known as an optimal currency region (OCR), is a geographical region in which it would maximize economic efficiency to have the entire region share a single currency. It describes the optimal… …
82economic growth — Process by which a nation s wealth increases over time. The most widely used measure of economic growth is the real rate of growth in a country s total output of goods and services (gauged by the gross domestic product adjusted for inflation, or… …
83chile — /chil ee/, n. chili. * * * Chile Introduction Chile Background: A three year old Marxist government was overthrown in 1973 by a dictatorial military regime led by Augusto PINOCHET, who ruled until a freely elected president was installed in 1990 …
84Chile — Chilean, adj., n. /chil ee/; Sp. /chee le/, n. a republic in SW South America, on the Pacific Coast. 14,508,168; 286,396 sq. mi. (741,765 sq. km). Cap.: Santiago. * * * Chile Introduction Chile Background: A three year old Marxist government was… …
85Romania — /roh may nee euh, mayn yeuh/, n. a republic in SE Europe, bordering on the Black Sea. 21,399,114; 91,699 sq. mi. (237,500 sq. km). Cap.: Bucharest. Romanian, România /rddaw mu nyah/. * * * Romania Introduction Romania Background: Soviet… …
86România — /rddaw mu nyah/; Eng. /roh may nee euh, mayn yeuh/, n. Romanian name of ROMANIA. * * * Romania Introduction Romania Background: Soviet occupation following World War II led to the formation of a Communist peoples republic in 1947 and the… …
87Sweden — /sweed n/, n. a kingdom in N Europe, in the E part of the Scandinavian Peninsula. 8,946,193; 173,732 sq. mi. (449,964 sq. km). Cap.: Stockholm. Swedish, Sverige. * * * Sweden Introduction Sweden Background: A military power during the 17th… …
88defense economics — Field of national economic management concerned with peacetime and wartime military expenditures. It arose in response to the greater scale and sophistication of warfare in the 20th century. Most nations seek to avoid the vast financial and human …
89Paul Davidson (economist) — Paul Davidson (b. 1930, New York is an American macroeconomist who has been one of the leading spokesmen of the American branch of the Post Keynesian school in economics. He is a prolific writer and has actively intervened in important debates on …
90Syria — /sear ee euh/, n. 1. Official name, Syrian Arab Republic. a republic in SW Asia at the E end of the Mediterranean. 16,137,899; 71,227 sq. mi. (184,478 sq. km). Cap.: Damascus. 2. a territory mandated to France in 1922, including the present… …
