The Hindu Editorial (Mutual benefit) – Nov 15, 2022

Treasury Secretary Janet Yellen’s visit to India last week highlights the renewed focus in the U.S. on strengthening economic ties with Asia’s third-largest economy and ‘one of America’s indispensable partners’. For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (Mutual benefit) – Nov 15, 2022.

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The Hindu Editorial (Mutual benefit) – Nov 15, 2022:

stand (to) (verb) – be in a situation in which someone is likely to get something (an advantage/benefit).
enhance (verb) – increase, raise, augment, boost.
The U.S. Department of the Treasury (noun) – The Department of the Treasury manages Federal finances by collecting taxes and paying bills and by managing currency, government accounts and public debt. The Department of the Treasury also enforces finance and tax laws.
highlight (verb) – emphasize, underline, bring attention to, underscore.
renewed (adjective) – resumed, re-established, revived.
ties (noun) – association, relationship, bond, connection.
indispensable (adjective) – necessary, required, essential, vital, needed.
environment (noun) – situation, scenario, backdrop, climate.
macroeconomic (adjective) – relating to the branch of economics concerned with large-scale factors (interest rates/national productivity).
strategic (adjective) – relating to achieving long-term or overall goals.
all the more (much more) – much more, even more.
compelling (adjective) – convincing, powerful, potent, strong, effective, reasonable.
deepen (verb) – grow, increase, strengthen.
engagement (noun) – involvement, taking part, participation, association.
beneficial (verb) – favourable, advantageous, opportune, helpful, useful, valuable.
emphasise (verb) – underscore, highlight, stress, call/draw attention to, put stress on.
interest (noun) – common concerns (in politics/business).
supply chain (noun) – a dynamic network when a company purchases or uses goods or services from others. It involves people, information, processes, and resources involved in the production, handling, and distribution of materials and finished products or providing a service to the customer.
wield (verb) – exercise, exert, be possessed of, have, hold, control.
geopolitical (adjective) – relating to (the study of) the geographical factors (a country’s position on the earth, size, climate, and natural resources &, etc.) in world politics and inter-state relations.
keen (adjective) – eager, enthusiastic, interested, determined.
vulnerability (noun) – weakness, defencelessness, unprotectedness, susceptibility.
disruption (noun) – disturbance, interruption, obstruction.
pursue (verb) – engage in, take part in, be occupied in, participate in (an activity).
strategy (noun) – plan of action (in order to achieve a more expansive set of political, economic, and security interests).
friend-shoring (noun) – also called ally-shoring; Friend-shoring, as the name indicates, would involve supply chains only in countries that shared core values and principles ranging from protection of privacy in the digital world to human rights. Market access could thus be securely granted to countries that could be trusted as “friends/allies”, reducing risks to the US economy and to those of the “friends/allies”, who would now be the chosen trading partners.
cut (verb) – reduce, decrease, lessen.
reliance (noun) – dependence.
cite (verb) – refer to, make reference to, mention, point to.
invasion (noun) – attack, offensive, onslaught, incursion, assault.
assert (verb) – state, assert, contend, affirm.
weaponise (verb) – use as a weapon.
natural gas (noun) – a fossil energy source that formed deep beneath the earth’s surface. Natural gas contains many different compounds. The largest component of natural gas is methane, a compound with one carbon atom and four hydrogen atoms (CH4). Natural gas also contains smaller amounts of natural gas liquids (NGLs, which are also hydrocarbon gas liquids), and nonhydrocarbon gases, such as carbon dioxide and water vapor. We use natural gas as a fuel and to make materials and chemicals.
as well as (phrase) – and also, and in addition.
dominance (noun) – control, grip, hold, influence.
underline (verb) – underscore, emphasize, highlight.
keenness (noun) – preparedness, willingness, inclination, eagerness, commitment.
nurture (verb) – encourage, intensify, fortify, support.
mitigate (verb) – reduce, diminish, lessen.
bilateral (adjective) – involving two groups or countries.
dispensation (noun) – government, regime, system, establishment.
mend (verb) – repair, fix, restore.
rupture (noun) – division, split, separation, break, estrangement.
antagonistic (adjective) – hostile, inimical, opposed.
withdrawal (noun) – removal.
Generalised System of Preferences (GSP) (noun) – The Generalized System of Preferences (GSP) is a U.S. trade program designed to promote economic growth in the developing world by providing preferential duty-free entry for thousands of products from 129 designated beneficiary countries and territories.
put something back on (phrasal verb) – to move something into a place it was in earlier.
practice (noun) – way, rule, method.
reinstate (verb) – bring back, restore, return to power/position.
notwithstanding (preposition) – despite, in spite of, regardless of.
the fact that (phrase) – used to refer to a specific situation under consideration/discussion.
in fact (phrase) – actually, in actuality, really, in reality.
climate (noun) – atmosphere, feeling, tendency, attitude.
protectionist (adjective) – relating to the use of tariff and non-tariff restrictions on imports to protect domestic producers from foreign competition.
measure (noun) – action, step, procedure.
enforcement (noun) – imposition, implementation, execution.
potential (adjective) – possible, probable, likely.
data localisation (noun) – the act of storing data on any device that is physically present within the borders of a specific country where the data was generated.
tariff (noun) – a tax imposed by one country on the goods and services imported from another country.
align with (verb) – in line with or in alignment/agreement with.
effectively (adverb) – practically, almost, in effect.
close off (verb) – stop, discontinue, cease, shut off.
set to (adjective) – ready, prepared, organized, equipped
take up (phrasal verb) – start to hold a position/post.
reins (noun) – controlling power. (In general, rein is the long leather strap(s) attached to a horse’s head (usually on either sides), by which the rider controls a horse).
G-20 (noun) – The G20, formed in 1999, is a group of twenty of the world’s largest economies that meets regularly to coordinate global policy on trade, health, climate, and other issues. It brings together the world’s major advanced and emerging economies. The G20 comprises Argentina, Australia, Brazil, Canada, China, EU, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, UK and USA. The G20 Countries together represent around 90% of global GDP, 80% of global trade, and two thirds of the world’s population.
steer (verb) – guide, conduct, direct/lead.
agenda (noun) – plan, scheme.
equity (noun) – fairness, justness, neutrality, lack of bias, impartiality.
climate change (noun) – a long-term change in the Earth’s climate, or of a region on Earth (Courtesy: NASA).
vocal (adjective) – vociferous, outspoken, forthright; relating to someone who expresses his/her views frankly.
backing (noun) – protection, guidance, support.