Trade

In the old days, manufacturing would be done "in-house", but manufacturing carries a completely different meaning today: products are no longer made ......

"Trade ..... growth in flexible economies, but its positive impact is much reduced - and in some cases, even reversed-in excessively regulated economies," says Caroline Freund, Senior Economist in the World Bank's Trade Research Team.

The success of openness depends on whether firms can adjust quickly to the new conditions ..... by international competition.

The ..... purpose of the International Trade Administration (ITA) is helping to create economic opportunity for American workers and businesses.

Swedish unions do not rely much on formal organizing campaigns; employees join either of their own ..... or as a result of group pressure.

Unionization rates in the service sector are significantly lower than in industry, at least among blue-collar workers; still, they ..... around 70 per cent, a figure that is high enough not to cause serious union worry.

The greatest difficulty is to make salaries respond to changes in market demand: the pay structure is highly ..... in the sense that it is extremely difficult to change the relative level of different categories of employees.

Unions have a ..... monopoly on collective pay regulation since there is no free labour market in the sense of a market not governed by collective agreements.

Possibly, the staff were attempting to manage their assignents beyond their capacity, like a freighter loaded so heavily that it sinks below its ..... line.

Increased understanding by everyone who is involved of ..... operational processes is most important.