International economics

International economics

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

Industry: Economy

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International economics

Domestic resource cost

Economy; International economics

A measure, in terms of real resources, of the opportunity cost of producing or saving foreign exchange. It is an ex ante measure of comparative advantage, used to evaluate projects and policies. The ...

Domestic support

Economy; International economics

A policy that assists domestic industry, including a subsidy to production, payment not to produce, price support, and other means of increasing the income of producers.

Durable good

Economy; International economics

A good that can continue to be used over an extended period of time.

Dynamic economies of scale

Economy; International economics

A form of increasing returns to scale in which average cost declines over time as producers accumulate experience, so that average product rises with total output of the firm or industry accumulated ...

Early harvest

Economy; International economics

A term, in trade negotiations, for agreeing to accept the results of a portion of the negotiations before the rest of the negotiations are completed.

East African Development Bank

Economy; International economics

A leading Development finance institution with an overriding objective of promoting development in East Africa, EADB is a development bank for its five member countries: Burundi, Kenya, Rwanda, ...