International economics

International economics

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

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International economics

Central American Common Market

Economy; International economics

A group of Central American countries -- El Salvador, Guatemala, Honduras, and Nicaragua -- that formed a common market in 1960, with Costa Rica added in 1962. It largely disintegrated in the 1970s ...

Central European Free Trade Agreement

Economy; International economics

1. A free trade agreement initiated 2006 among Albania, Bosnia and Herzegovina, Croatia, the former Yugoslav Republic of Macedonia, Moldova, Montenegro, Serbia and the United Nations Interim ...

CES Function

Economy; International economics

A function with constant elasticity of substitution. CES is popular for both production and utility functions. Used extensively in New Trade Theory as the Dixit-Stiglitz utility function for ...

Chaebol

Economy; International economics

A form of large business in South Korea, a conglomerate consisting of many companies centred around a parent company. They are family controlled and have strong ties to government. They are similar ...

Chain of comparative advantage

Economy; International economics

A ranking of goods or countries in order of comparative advantage. With two countries and many goods, goods can be ranked by comparative advantage (e.g., by relative unit labour requirements in the ...

Chapter 11

Economy; International economics

1. In NAFTA, this portion deals with foreign direct investment. Most controversially, it includes a provision for a firm from one member country that has invested in another to bring action against a ...

Chiang Mai Initiative

Economy; International economics

An agreement in 2000 among the "ASEAN+3" countries (ASEAN plus China, Japan, and S. Korea) to cooperate in four main areas: monitoring capital flows, regional surveillance, swap networks, and ...