New Internationalist

turvy Terms

Issue 334

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WTO / TERMS



Charles Dickens
used ‘topsy-turvy’ to describe an inversion
of the familiar order of things. International trade does this
to language. Here are some of the jargon words: how
they are used by trade negotiators – and what
they really mean for the rest of us.

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[image, unknown] Round: Concessions negotiated in exchange for benefits. [image, unknown] [image, unknown]
[image, unknown] Protectionism: Raising trade barriers against foreign competition. [image, unknown] [image, unknown]
[image, unknown] Meaning: An offer you can't refuse. [image, unknown]
[image, unknown] Meaning: Obstructing corporate interests. [image, unknown] [image, unknown]
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[image, unknown] Sustainable: Eco-friendly and equitable. [image, unknown] [image, unknown]
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[image, unknown] Meaning: Business-friendly and profitable. [image, unknown] Open: No barriers to foreign trade. [image, unknown] [image, unknown]
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Meaning: Closed to democratic control. [image, unknown] [image, unknown]
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[image, unknown] Intellectual property: Ideas for making money. [image, unknown] [image, unknown]
[image, unknown] Meaning: Ideas used to extort payment. [image, unknown] [image, unknown]
[image, unknown] [image, unknown] Fair: In accordance with the rules. [image, unknown] [image, unknown]
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[image, unknown] Free: Without government interference. [image, unknown] Meaning: Imposed on the weak by the strong. [image, unknown]
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[image, unknown] Meaning: Rule by transnational corporations. [image, unknown] [image, unknown]
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This article was originally published in issue 334

New Internationalist Magazine issue 334
Issue 334

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