The Hindu Editorial (Tepid trade-offs) – Mar 05, 2024

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The Hindu Editorial (Tepid trade-offs) – Mar 05, 2024:

tepid (adjective) – unconcerned, unenthusiastic, uninterested, lukewarm.
trade-off (noun) – a situation in which you must choose between (balance) two things that are opposite or cannot be had at the same time; a compromise; swap, exchange.
World Trade Organization (WTO) (noun) – an intergovernmental organization that is concerned with the regulation of international trade between nations.
13th Ministerial Conference (MC13) (noun) – The WTO’s 13th Ministerial Conference (MC13) took place from 26 February to 2 March 2024 in Abu Dhabi, United Arab Emirates. Ministers from across the world attended to review the functioning of the multilateral trading system and to take action on the future work of the WTO.
foster (verb) – encourage, promote, endorse, support.
fair (adjective) – just, equitable, impartial, unbiased, lawful.
body (noun) – committee, council, panel.
precious little (phrase) – very little.
deliberation (noun) – talks, discussion, dialogue, consultation, parley, negotiation.
outcome (noun) – end, result, effect, consequence , conclusion, implications, ramification, repercussion.
to begin with (phrase) – at the start of; at first.
mandate (noun) – instruction, ordinance, direction, directive.
amid (preposition) – in the middle of, surrounded by; during.
increasingly (adverb) – more and more, steadily more, continuously more, gradually more.
fractious (adjective) – argumentative, quarrelsome, contentious, controversial, difficult (to control), disagreeable.
environment (noun) – situation, background, scenario, context, atmosphere.
seek (verb) – try, aim, attempt.
enforce (verb) – impose, apply, force, implement.
intervening (adjective) – in-between.
shock (noun) – blow, disturbance.
architecture (noun) – structure, formation, composition, organization.
ripple effect/domino effect/knock-on effect (noun) – an event (or a process/action) that causes several other events to happen indirectly one after the other; secondary/indirect effect, consequence/implication, chain of events.
conflict (noun) – war, warfare, armed conflict, military action, armed clash.
linger (verb) – continue, carry on, go on, keep going, remain, endure.
recalibration (noun) – reevaluation, reassessment, reorganization/revamp.
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.
inward-looking (adjective) – selfish, self-centred, self-seeking, egocentric, opportunistic.
catalyse (verb) – to cause/accelerate some action/process.
isolationist (noun) – a person who believes in or advocates isolation (a policy of remaining apart from the affairs or interests of other groups, especially the political affairs of other countries).
run adrift (phrase) – to make no progress.
adrift (adjective) – lost, off track, disoriented/confused.
inclusive (adjective) – all-inclusive, wide-ranging, comprehensive, all-embracing, all-encompassing.
resilient (adjective) – strong, sturdy, stout/well built, durable.
substance (noun) – significant subject, important matter/content, valid message.
lip service (noun) – a method of expressing approval/support without taking any significant action.
divergence (noun) – variation, deviation, difference, dissimilarity, unevenness, contradiction.
persist (verb) – continue, carry on, go on, keep going.
carry forward (phrasal verb) – have something to continue/handle at a later stage (to make progress).
12th Ministerial Conference (MC12) (noun) – The 12th Ministerial Conference (MC12) has taken place from 30 November to 3 December 2021 in Geneva, Switzerland. Ministers from across the world had the opportunity to review the functioning of the multilateral trading system, to deliver prepared statements and to take action on the future work of the WTO.
interest (noun) – common concerns (in politics/business).
public stock holding (PSH) (noun – it refers to the procurement, storage and release of food stocks by governments through state-owned enterprises or other public agencies. It has been an important part of agricultural policy in many countries, targeting, in particular, products that are prevalent in national diets and therefore provide a large proportion of the overall dietary intake.
food security (noun) – food security is a situation that exists when all people, at all times, have physical, social and economic access to sufficient, safe and nutritious food that meets their dietary needs and food preferences for an active and healthy life.
subsidy/subvention (noun) – also called subvention; a financial contribution granted to help an industry or business, mostly given by a government, in order to keep the price of service/goods at a low level.
fishery (noun) – areas of the sea where fish are caught in large quantities for commercial purposes.
in the works (phrase) – being planned; under development; in progress.
decade (noun) – a period of ten years.
strive (verb) – try, try hard, aim, aspire, seek, struggle, make every effort.
clinch (verb) – settle, secure, seal; win, triumph in.
parley (noun) – talks, discussion, dialogue, consultation, deliberation, negotiation.
exemption (noun) – exclusion, exception.
cite (verb) – invoke, mention, refer to, point to, adduce, turn to, resort to.
nuance (verb) – give subtle distinction/difference to.
necessarily (adverb) – inevitably, definitely, certainly, surely.
prospects (noun) – chances, possibilities, expectations, outlook, future.
resuscitation (noun) – revival, re-emergence, renaissance, resurgence, revitalization, resurrection, rejuvenation .
render (verb) – cause to be/become, make.
defunct (adjective) – disused, no longer in use, unused, inoperative, non-functioning.
bleak (adjective) – unpromising, unfavourable, disadvantageous, discouraging, disheartening.
revive (verb) – restore, revitalize, renew, bring back.
reiterate (verb) – say something again; say again, repeat, retell, restate, iterate, recapitulate
thwart (verb) – prevent, obstruct, hamper, hinder, impede, stymie.
back (verb) – support, favour, uphold, endorse, assist.
investment facilitation (noun) – a set of policies and actions that seek to make it easier for investors to establish and expand their operations, as well as to conduct their day-to-day business in host countries.
pact (noun) – agreement, treaty, deal, contract.
going forward (phrase) – in the future.
policy space (noun) – it is defined as ‘the freedom and ability of a government to identify and pursue the most appropriate mix of economic and social policies to achieve equitable and sustainable development that is best suited to its particular national context’.
stay relevant (phrase) – be applicable.
polarised (adjective) – separated into opposing two.
tout (verb) – endorse, praise, recommend, commend, speak of, urge.
biennial (adjective) – taking place/happening every two years.
commentary (noun) – comments, opinions, remarks, reports, analysis.
waning (adjective) – decreasing, lessening, weakening, disappearing, dwindling, deteriorating.
efficacy (noun) – power, effectiveness, usefulness, advantage, benefit, value..