International economics

International economics

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

Industry: Economy

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International economics

Cairnes-Haberler Model

Economy; International economics

A trade model in which all factors of production are assumed immobile between industries. See specific factors model.

A group of agricultural exporting countries, currently (2007) numbering 19, that was formed in 1986 to act as a counterweight especially to the EU in international negotiations on agriculture. Named ...

Canada-US Free Trade Agreement

Economy; International economics

A free trade agreement between Canada and the United States signed in 1989 and superseded by the NAFTA in 1994.

Capital

Economy; International economics

1. The plant and equipment used in production. 2. One of the main primary factors, the availability of which contributes to the productivity of labor, comparative advantage, and the pattern of ...

Capital abundant

Economy; International economics

A country is capital abundant if its endowment of capital is large compared to other countries. Relative capital abundance can be defined by either the quantity definition or the price definition.

Capital account

Economy; International economics

1. Since sometime in the 1990s, "capital account" refers to a minor component of international transactions, involving unilateral transfers of ownership of property. The common definition, below, ...