Avoid trade wars – The Hindu (Mar 05 2018)

Avoid trade wars – The Hindu (Mar 05 2018)

World leaders did well to avoid protectionist trade policies in the aftermath of the Great Recession of 2008. After all, they had learned their lessons from the global trade war of the 1930s which deepened and …. For further reading, visit “The Hindu”.

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Word List-2 (To Improve English Vocabulary)

1. throw something out of the window (phrase) – stop, terminate, end using something.
2. protectionist (adjective) – relating to the use of tariff and non-tariff restrictions on imports to protect domestic producers from foreign competition.
3. aftermath (noun) – effects, outcome, repercussions.
4. recession (noun) – economic decline, depression, slowdown.
5. prolonged (adjective) – continuing,  relentless, unending.
6. vow (verb) – swear, promise, affirm.
7. retaliatory (adjective) – termed as a revenge against someone.
8. trade deficit (noun) – a trade deficit (a deficit in the balance of trade) occurs when the value of a country’s imports exceeds that of its exports. It is also called a trade gap.
9. zero-sum game (phrase) – zero-sum game is one in which no wealth is created or destroyed. So, in a two-player zero-sum game, whatever one player wins, the other loses.
10. flip side (noun) – other side; downside, drawbacks/disadvantages.
11. backlash (noun) – a strong negative reaction; adverse response, counteraction.
12. walk back (phrasal verb) – reverse, change;  retreat.
13. populist (adjective) – related to politicians who claim that they are representing the common/ordinary people.
14. resonance (noun) – the quality that makes emotions, memories & etc.
15. salvo (noun) – attack, aggressive act, assault.
16. Take a leaf out of someone’s book (idiom) – to imitate someone. (for more details, visit (The Hindu).
17. spiral into (verb) – worsen, get worse; to continuously become worse.

Note:   

1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc from http://www.oxforddictionaries.com/.

2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purpose only and they may vary in different context. Use it with the corresponding article published on the source (website) via the link provided. 

3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.

India 2018