assets Aktiva |
physical assets
intangibles such as skills and technology |
balance
Bilanz |
balance of payments (Zahlungsbilanz)
balance of trade (Handelsbilanz)
current account of the balance of payments (Leistungsbilanz)
current account balance (Leistungsbilanzsaldo)
balance sheet |
budget
Budget |
budget target
budget constraints
budgetary discipline
to run budgetary deficits
to run balanced budgets
to run surplus budgets
government debt
fiscal policy
anticyclical fiscal policy
public expenditure |
business cycle
Konjunktur |
economic cycle (Synonym)
recession
downturn, upturn
slowdown
stagnation
recovery
boom
trough (Konjunkturtal)
turnaround
business climate
a slump in business confidence
expectations
economic stability/instability |
cluster Cluster |
clusters are a driving force for increasing exports |
company Gesellschaft
(= Firma) |
corporation
corporate governance rules holding managers accountable for performance
business
new business formation
firm
domestic and foreign firms (companies)
the presence of sophisticated foreign firms
company headquarters
subsidiaries
established companies (firms)
spinoffs from existing companies |
competition Wettbewerb |
the intensity of competition
clusters clearly represent a combination of competition and cooperation
competitive advantage
competitiveness
to foster competitiveness
rivalry
rivalry must evolve beyond cost to include differentiation |
consumer Konsument |
consumer confidence
consumer spending
consumption
|
cost Kosten |
cost minimization
lower transportation and communication costs
to move factor cost-sensitive activities to low-cost locations |
currency Währung |
hard currency
weak currency
single currency
central bank (e.g. European Central Bank) |
customer Kunde |
sophisticated customers
customer relationship management
to perceive new customer (buyer) needs |
demand Nachfrage |
aggregate demand
local demand conditions
sluggish domestic demand
buying power, purchasing power (Kaufkraft) |
development Entwicklung |
research and development (R&D)
economic development
the developing world |
economic wirtschaftlich |
economic data
economic cycle
economic prospects
economic performance
economic policy |
economical wirtschaftlich; sparsam |
economically advanced nations |
economy Wirtschaft |
global economy
national economy
regional economy
metropolitan economy
local economy
advanced economies
knowledge-based economy
the needs of a competitive economy |
economics Wirtschaftswissenschaft |
microeconomics
macroeconomics |
economies wirtschaftliche Effekte |
economies of agglomeration
external economies or spillover across firms and institutions |
entrepreneur Unternehmer |
entrepreneurial climate |
global global |
global economy
global sourcing
to develop increasingly global strategies
globalization |
goods materielle Güter |
export of goods
import of goods
manufactured goods
durable goods |
gross national product (GNP) Bruttosozialprodukt |
the goal of increasing the GNP
net national product (= the sum of factor incomes) |
growth Wachstum |
to remove obstacles to growth
a rebound in growth
sluggish economic growth
long-term sustainability of growth
|
industry Branche Wirtschaftsbereich |
service industries
end-product industries
machinery industries
materials industries
traditional industries
high-tech industries
resource-based industries
knowledge-based industries
sectors, such as manufacturing or services |
information Information |
many of the competitive advantages depend on the free flow of information
economic data |
infrasructure Infrastruktur |
the general business environment is central to competitiveness |
innovation Innovation |
competition must shift from imitation to innovation |
interest rate Zinsen |
extremely low interest rate |
investment Investition(en) |
high (low) investment
private investment, public investment
rising investment intensity
in-bound foreign direct investment (FDI)
to attract foreign investment |
labor Arbeit |
workforce
staff
personnel
specialized personnel can often be recruited locally
pools of talent
to attract skilled people through offering greater opportunities
employment (Beschäftigung)
unemployment (Arbeitslosigkeit)
unemployment rate |
location Standort |
location matters |
management Management |
the importance of electronic commerce creates new management agendas |
market Markt |
labor market
labor market policies
financial markets
equity and corporate bond markets
proximity to markets
globalization of markets |
money Geld |
notes and coins
monetary policy
monetary union |
monopoly Monopol |
oligopoly
antitrust policy |
network Netzwerk |
to facilitate the formation of networks
corporate networks
relationship building |
output Ausstoß, Produktion |
potential output
output gap |
policy (Wirtschafts-)Politik |
policy makers
government policy
microeconomic policy
macroeconomic policy |
price Preis |
consumer price index
rising oil prices
inflation
deflation |
product Produkt |
end-product
complementary products and services
production |
productivity Produktivität |
to improve productivity
productivity growth
productive
unproductive
efficiency
upgrading the efficiency of manufacturing |
profit Gewinn |
the profits that can be earned |
property Eigentum |
the enforcement of intellectual property rules
licencing rules |
prosperity Wohlstand |
to enhance prosperity
the prosperity of a location |
research Forschung |
research and development (R&D) |
rigidity Starrheit |
rigidities prevent the adoption of improvements |
savings Ersparnisse |
consumers increase their savings
corporate savings
|
service Dienstleistung |
service providers
service industries
services (als Position in der Zahlungsbilanz) |
skills Fertigkeiten |
skilled labor
specialized skills
information technology skills
knowledge
know-how |
social security Soziale Sicherheit |
spending on social security
|
supply Angebot |
aggregate supply
supply sources
supplier facilities |
tax Steuer |
the structure of the tax system
tax cuts
tax reductions
capital gains tax |
technology Technologie |
evolving technology
to perceive new technological possibilities
high-tech (low-tech) company
high-tech (low-tech) industries |
trade Handel, Gewerbe |
openness to trade and foreign investment
exports
imports
trade associations
wholesale trade
retail trade
trade unions (Gewerkschaften) |
wage Lohn |
the wages that can be sustained |