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Voluntary Export Restraint
A voluntary export restraint (VER) or voluntary export restriction is a measure by which the government or an industry in the importing country arranges with the government or the competing industry in the exporting country for a restriction on the volume of the latter's exports of one or more products. By this definition, the term VER is a generic reference for all bilaterally agreed measures to restrain exports. They are sometimes referred to as 'Export Visas'. The restraint could be a preset limit, a reduction in the exported amount, or a complete restriction. Typically VERs arise when industries seek protection from competing imports from particular countries. VERs are then offered by the exporting country to appease the importing country and deter it from imposing explicit (and less flexible) trade barriers. The implementation of VERs was prohibited in 1994 under modifications to the General Agreement on Tariffs and Trade (Article 11). Overview Voluntary export restriction ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Protectionism
Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Proponents argue that protectionist policies shield the producers, businesses, and workers of the Import substitution industrialization, import-competing sector in the country from foreign competitors. Opponents argue that protectionist policies reduce trade and adversely affect consumers in general (by raising the cost of imported goods) as well as the producers and workers in export sectors, both in the country implementing protectionist policies and in the countries protected against. Protectionism is advocated mainly by parties that hold Economic nationalism, economic nationalist or left-wing positions, while economically right-wing political parties generally support free trade. There is a consensus among economists that protectioni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multi-Fiber Agreement
The Multi Fibre Arrangement (MFA) governed the world trade in textiles and garments from 1974 through 1994, imposing quotas on the amount developing countries could export to developed countries. Its successor, the Agreement on Textiles and Clothing (ATC), expired on 1 January 2005. History Since the (re)emergence of developing countries as a source of cotton textile production, after the Textile manufacture during the Industrial Revolution, such as India, Bangladesh, and Pakistan's Khadi production in the Swadeshi movement initiated by Mahatma Gandhi, cotton production from these countries steadily increased after colonial independence. A number of treaties concerning Short-Term Arrangements regarding International Trade in Cotton Textiles (Geneva, 21 July 1961); Long-Term Arrangement regarding International Trade in Cotton Textiles (Geneva, 9 February 1962 and 15 June 1970), and Arrangement regarding International Trade in Textiles (Geneva, 20 December 1973) attempted to addre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geo (automobile)
Geo was a brand, marque of small cars and SUVs marketed by General Motors as a subdivision of its Chevrolet division from 1989 to 1997. Formed by GM to compete with the growing small import market of the mid 1980s, the Geo nameplate continued through the 1997 model year when the brand merged with Chevrolet brand itself, after which the remaining models were marketed under the Chevrolet name; for the 1998 model year, the Metro, Prizm, and Tracker were sold as Chevrolets until their discontinuances in 2001, 2002, and 2004, respectively. In this sense, Geo existed until 2004, even with the Geo nameplate being dropped in mid-1997. Its original slogan was "Get to know Geo" and commercials often featured the song "Getting to Know You (song), Getting to Know You" from the musical ''The King and I''. In the 1990s consumer interest in the economy compact market faded, and the last vehicle of the former Geo line, the Geo Tracker, Tracker, was discontinued in 2016. In Canada, another import ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CAMI Automotive
CAMI Assembly (formerly CAMI Automotive) is an assembly plant wholly owned by General Motors Canada. The plant occupies and has of floor space of which was added in 2016 as part of a $560 million investment. CAMI uses the CAMI Production System (CPS), a set of operating philosophies that guide team members in manufacturing vehicles. The basis of the system is working in teams performing standardized work. This is based on the Japanese production system, which is built on a team concept. Recent developments CAMI was an independently incorporated joint venture of automobile A car or automobile is a motor vehicle with Wheel, wheels. Most definitions of ''cars'' say that they run primarily on roads, Car seat, seat one to eight people, have four wheels, and mainly transport private transport#Personal transport, pe ... manufacturing in Ingersoll, Ontario, Canada and formed the third step of General Motors' three-pronged initiative of the mid-1980s to capture and practice the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NUMMI
New United Motor Manufacturing, Inc. (NUMMI) was an American automobile manufacturing company in Fremont, California, jointly owned by General Motors and Toyota that opened in 1984 and closed in 2010. After the plant was closed by its owners, the facility was sold to Tesla, Inc. and reopened as a 100% Tesla-owned production facility in October 2010, becoming known as the Tesla Factory. The plant is located in the East Industrial area of Fremont next to the Mud Slough between Interstate 880 and Interstate 680. NUMMI yearly production peaked at 428,633 vehicles in 2006. History Background Before NUMMI, the site was the former Fremont Assembly that General Motors operated between 1962 and 1982. Employees at the Fremont plant were "considered the worst workforce in the automobile industry in the United States," according to a later recounting by a leader of the workers own union, the United Auto Workers (UAW). GM as a company was departmentalized (design, manufacturing) as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AutoAlliance International
Flat Rock Assembly Plant, formerly known as Ford's Michigan Casting Center (MCC) (1972–1981), Mazda Motor Manufacturing USA (1987–1992) and AutoAlliance International (1992–2012), is a Ford Motor Company assembly plant located at Drive in Flat Rock, Michigan in Metro Detroit. The plant currently comprises of production space and employs 3,510 hourly workers and 140 salaried workers — and currently manufactures the Ford Mustang. History 1972 to 1991 Following three years of work and the largest single investment by Ford, the Michigan Casting Center (MCC) opened in January 1972, at the time one of the most technologically advanced casting facilities in the world. Despite the sizable capital investment, frequent union labor problems and work injuries and declining demand for the V8 engine blocks produced there led the facility's closure in 1981. A worker, Robert Williams, was killed by an industrial robot arm on January 25, 1979. He is the first known human to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diamond Star Motors
Diamond-Star Motors (DSM) was an automobile-manufacturing joint venture between the Chrysler Corporation and Mitsubishi Motors Corporation (MMC)."Mixing Cultures On the Assembly Line" John Holusha, '''', June 5, 1988 The name came from the parent companies' respective s: three ''diamonds'' (Mitsubishi) and a penta''star'' (Chrysler). [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Unions
A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and benefits (such as holiday, health care, and retirement), improving working conditions, improving safety standards, establishing complaint procedures, developing rules governing status of employees (rules governing promotions, just-cause conditions for termination) and protecting the integrity of their trade through the increased bargaining power wielded by solidarity among workers. Trade unions typically fund their head office and legal team functions through regularly imposed fees called ''union dues''. The delegate staff of the trade union representation in the workforce are usually made up of workplace volunteers who are often appointed by members in democratic elections. The trade union, through an elected leadership and bargaining committee, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rust Belt
The Rust Belt is a region of the United States that experienced industrial decline starting in the 1950s. The U.S. manufacturing sector as a percentage of the U.S. GDP peaked in 1953 and has been in decline since, impacting certain regions and cities primarily in the Northeast and Midwest regions of the U.S., including Allentown, Buffalo, Cincinnati, Cleveland, Columbus, Jersey City, Newark, Pittsburgh, Rochester, Toledo, Trenton, Youngstown, and other areas of New Jersey, Ohio, Pennsylvania, and Upstate New York. These regions experienced and, in some cases, are continuing to experience the elimination or outsourcing of manufacturing jobs beginning in the late 20th century. The term "Rust" refers to the impact of deindustrialization, economic decline, population loss, and urban decay on these regions attributable to the shrinking of the once-powerful industrial sector especially including steelmaking, automobile manufacturing, and coal mining. The term gained popularity ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Right-to-work Law
In the context of labor law in the United States, the term "right-to-work laws" refers to state laws that prohibit union security agreements between employers and labor unions which require employees who are not union members to contribute to the costs of union representation. Unlike the right to work definition as a human right in international law, U.S. right-to-work laws do not aim to provide a general guarantee of employment to people seeking work but rather guarantee an employee's choice of being a member of and financially supporting collective bargaining organizations (i.e. labor unions). The 1947 federal Taft–Hartley Act governing private sector employment prohibits the "closed shop" in which employees are required to be members of a union as a condition of employment, but allows the union shop or "agency shop" in which employees pay a fee for the cost of representation without joining the union. Individual U.S. states set their own policies for state and local gover ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japanese Automobile Industry
The automotive industry in Japan is one of the most prominent and largest industries in the world. Japan has been in the top three of the countries with most cars manufactured since the 1960s, surpassing Germany. The automotive industry in Japan rapidly increased from the 1970s to the 1990s (when it was oriented both for domestic use and worldwide export) and in the 1980s and 1990s, overtook the U.S. as the production leader with up to 13 million cars per year manufactured and significant exports. After massive ramp-up by China in the 2000s and fluctuating U.S. output, Japan is currently the third largest automotive producer in the world with an annual production of 9.9 million automobiles in 2012. Japanese investments helped grow the auto industry in many countries throughout the last few decades. Japanese business conglomerates began building their first automobiles in the middle to late 1910s. The companies went about this by either designing their own trucks (the market for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fuel Efficient
Fuel efficiency is a form of thermal efficiency, meaning the ratio of effort to result of a process that converts chemical potential energy contained in a carrier (fuel) into kinetic energy or work. Overall fuel efficiency may vary per device, which in turn may vary per application, and this spectrum of variance is often illustrated as a continuous energy profile. Non-transportation applications, such as industry, benefit from increased fuel efficiency, especially fossil fuel power plants or industries dealing with combustion, such as ammonia production during the Haber process. In the context of transport, fuel economy is the energy efficiency of a particular vehicle, given as a ratio of distance traveled per unit of fuel consumed. It is dependent on several factors including engine efficiency, transmission design, and tire design. In most countries, using the metric system, fuel economy is stated as "fuel consumption" in liters per 100 kilometers (L/100 km) or kilometers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
