University of International Business and Economics ≌Background reading Notes: 1. outsourcing:work done for a company by people other than the company's full--time employees外包 2. prevalence:the condition of being prevalent,being widespread普遍；盛 行；流行。He was surprised by the prevalence of optimism about the future. 3. Mercantilism:economic system of the major trading nations during the 16th,17th,and 18th century,based on the premise that national wealth and power were best served by increasing exports and collecting precious metals in return.重商主义 4. paramount:greater than all others in importance or influence最高的；至 上的；首要的。The interests of the consumer should be paramount. 5. GATT:General Agreement on Tariffs and Trade provided the framework for most important international tariff negotiations from 1947 until 1994 贸总协定 制卧爱价贫易大孝 UNIVERSITY OF INTERNATIONAL BUSINESS AND ECONOMCSUniversity of International Business and Economics Background reading Notes: 1. outsourcing: work done for a company by people other than the company's full-time employees 外包 2. prevalence: the condition of being prevalent, being widespread 普遍；盛 行；流行。He was surprised by the prevalence of optimism about the future. 3. Mercantilism: economic system of the major trading nations during the 16th, 17th, and 18th century, based on the premise that national wealth and power were best served by increasing exports and collecting precious metals in return.重商主义 4. paramount: greater than all others in importance or influence 最高的；至 上的；首要的。The interests of the consumer should be paramount. 5. GATT: General Agreement on Tariffs and Trade provided the framework for most important international tariff negotiations from 1947 until 1994 关 贸总协定