International economics

International economics

International trade theories, policies, finances and their effects on economic activities.

Industry: Economy

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International economics

New International Economic Order

Economy; International economics

A set of proposals put forward during the 1970s by developing countries through UNCTAD to promote their interests by improving their terms of trade, increasing development assistance, ...

Nominal

Economy; International economics

1. In the form most directly observed or named, in contrast to a form that has been adjusted or modified in some fashion. 2. As measured in terms of money, usually in contrast to real.

Pacific Rim

Economy; International economics

A collective term for the countries that border on the Pacific Ocean.

Panel

Economy; International economics

A three-person committee assembled by the WTO to hear evidence in disputes between members, as part of the WTO dispute settlement mechanism. Panels are also used to settle disputes under NAFTA.

Par

Economy; International economics

1. Equality. See at par. 2. Official value. See par value.

Parameter

Economy; International economics

A constant that helps to determine the shape and position of a functional relationship, such as an exponent in a Cobb-Douglas function or the marginal propensity to import in a linear import ...